Slide Show | August 2010
What $500,000 Buys You Now2010 Edition
Vicki and Bob Minnaugh, AAA Realty Group Inc.
Here are 10 properties for sale around the country that showcase what you can buy in the $500,000 price range. As you'll see, location plays a big role in size and amenities. The bad news is that most move-up buyers have lost substantial equity in their first or second homes, so they have much less to roll over. The good news is that $500,000 goes a mighty long way in the decimated housing market, especially with interest rates at historic lows. This could provide attractive buys for empty nesters and baby boomers who have accumulated enough equity in their existing homes to make a transition, whether it be moving to a new locale, or downsizing. The slide show begins to your right.
By Amy Pollak What $500,000 Buys You Now2010 Edition