According to a new article by redfin.com Both home prices and financial markets took a big dive during the Great Recession—late 2007 to mid 2009. Since then, we’ve argued that the housing market has led the economy out of the recession, with home prices up in September nationally by 43 percent since January 2010. It seems like we all know one seemingly smart, savvy, or simply lucky person who bought a home right at the bottom of the market and has since sold it for a lot more money or has built up a large amount of equity very quickly. And those of us who didn’t have the same great timing wonder how much our money could have grown had we invested our money similarly. But was a home really the best place to put your money six years ago? Would your savvy homeowner friends have been better off parking their money in a typical stock market portfolio instead?
Redfin partnered with FutureAdvisor, an investment advisory firm, to determine the performance of both the median home purchase and the median financial portfolio since the recession in 24 metro areas. Using data from FutureAdvisor, Redfin calculated the median profit people made on a stock market investment portfolio from January 2010 to May 2016, and compared it with the median housing-price appreciation in each of the metros reviewed. To read more just click here!
