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What is the return on new versus previously owned homes?
Buying into a new-home community may seem riskier than purchasing a house in an established neighborhood, but any increase in home value depends upon the same factors: quality of the neighborhood, growth in the local housing market and the state of the overall economy.
One survey by the National Association of Realtors shows that resale homes do have an edge over new homes. The trade group's figures show the median price of resale homes increased4.3 percent between 1999 and 2000, compared to 2.8 percent for new homes in the same period.

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   Open End Mutual Fund

An "open end mutual fund" or "open end fund" is the most common type of mutual fund. Investors may purchase units of the fund directly from the fund sponsor, and can redeem the units through the fund sponsor. Being open ended means that, at the end of every day, the fund issues new shares to investors and buys back shares from investors wishing to cash out of the fund. The price for buying or selling the fund's units is pegged to the net asset value, or NAV, of the fund. The net asset value is the current market value of a fund's holdings, usually expressed as a per-share amount.
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