One thing remains constant—real estate sales go up over time. In the previous three decades there were significant changes in the economy, some of which were reflected in the housing market. In 1970 1.6 million houses were sold. In 1999 that number grew to 5.2 million. During these 30 years there were many bumps in the road but as always, real estate has proved to be a sound investment.
2007 is on track to be the fifth best year in the history of real estate:
2004 6.7 million $195,400
2005 7.0 million $219,600
2006 6.4 million $221,900
2007 (est.) 5.5 million $224,500