Coconut Grove Real Estate Outperforms Stock Market
By Riley Smith, Coconut Grove Specialist
(EWM Realty, International)
When you compare the real estate market in Coconut Grove to the Dow Jones Industrial Average over the past year, purchasing a home in Coconut Grove would have been the better bet. Here are the statistics of 2008 to date: The Dow Jones Industrial Average lost 31% Average price of homes sold in Coconut Grove fell 13.2% Lets take a look at 2007: The Dow Jones Industrial Average gained 8.8% Average price of homes sold in Coconut Grove fell 7.6% On that note, real estate is just like any other investment, it comes with risk attached. Many people believe that even though jobs are being lost, the stock market is falling and businesses are struggling, that they should still realize a gain on the sale of their home just because it is "real estate". For some reason, when your stock portfolio l...
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