With the burst of the housing bubble, credit crisis, and millions of foreclosures across the country, you may wonder if buying a home is such a good idea after all. However, it’s important to consider all of the facts. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know that an important message to take away from these events is not that buying a home is a bad idea, but that you must be smart about buying your home. The housing market, like every type of market, unavoidably has its ups and downs. That doesn’t mean buying a home is a bad investment. As a long-term investment, homeownership is still one of the best investments for individual households. Historically, real estate has consistently increased in value, despite shorter periods of depreciation due to local markets and/or national economic conditions. The data shows that homes generally appreciate about 5% per year. Check out below to see what sold in Jamestowne Green in April 2023:
25038 Newberry Drive, Novi: 4 bedrooms, 2.1 bathrooms, 2,424 sq. feet, 2 car garage, Sold Price: $485,000
Jamestowne Green Home Sold
April 2023
For more information on Jamestowne Green, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.