Homeowners benefit from the power of leverage. At an annual appreciation rate of 5 percent, a 10 percent down payment on a home will return 94 percent after 3 years. After 5 years, the rate of return increases to 225 percent and after 10 years, 623 percent.
Straight from the National Association of Realtors: Did You Know ... ?
Written by Realty Times Staff Posted On Monday, 21 January 2008 16:00
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