More and more people are clearly seeing that housing has been a great investment over the last few years.

New Trend to Real Estate Investment: A popular investment is to buy and "rehab" a home, up-grading the house and possibly making the immediate neighborhood more attractive. Rehabbing involves major renovation - additional rooms, new bathrooms, kitchen, etc. Your ERA® Real Estate professional can provide guidance and the pros and cons of this option.

A recent phenomenon is the emergence of real estate investment clubs, which are much like stock investment clubs. There are hundreds of these clubs. They can assist in the learning process, and help make you familiar with the special conditions that apply to real estate transactions.

To invest widely, most experts advise that you start small, study the real estate investing process every bit as much as you would when you buy securities, and build a team of lawyers, accountants and real estate professionals who you can trust to help execute your plans as you grow.

*National Assocation of Realtors; US Dept. of Commerce, OFHEO
*Office of Federal Housing Enterprise Oversight.
*The Homeowners Alliance, June 2004.
*Federal Reserve Bank NY, Economic Policy Review, 2004.
*ICI/SIA 2002 Equity Ownership Surveys
*The Home Ownership Alliance, June 2004