your money
Is it time for you to cash out your home?
With the hottest housing markets in Florida, California, Nevada, Arizona and New Jersey soaring 20 percent or more in the last year, real estate is increasingly being compared to the frenzied buying of Nasdaq stocks in the late 1990s. The sizzling market - and the riches it is bestowing on homeowners — is prompting real estate investors to address a question stockholders inevitably face when stocks post gargantuan gains: Should I sell and pocket my gains?
Be sure to read about the people who are opting to cash out their homes, on the Your Money Page in Sunday’s Business Section.