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Cold Weather and Frozen Pipes
Cold weather is a big problem for home and property owners- especially if you’ve moved and your home is setting empty. Why? PLUMBING!
If your home gets too cold, the water in your pipes can freeze overnight and then burst in the day when it...
Curb Appeal – First Impressions Count When Selling Your Home
People selling their homes via real estate brokers get lots of coaching. People selling their own homes as FSBOs need the same. One of the most important topics on which FSBOs can benefit from coaching is "curb appeal." How does your home look when...
Home Fire Safety
Home Fire Safety
By Erby Crofutt, B4U Close Home Inspections www.b4uclose.com
Is your home as Fire Safe as you can make it?
The answers to these questions will help determine if your home is as safe as
you can make it.
* Do you...
The Importance Of Real Estate Farming
What is real estate farming? Real estate farming is the process of branding yourself to a specific group of people, area or market segment as a first choice agent for homebuyers, homesellers or real estate investors. Real estate farming is a long...
The Value of Concrete Countertops
The Value of Concrete Countertops Customization Increases
Aesthetic Appeal and Real Estate Investment for Homeowners
STEAMBOAT SPRINGS, CO--From top-dollar homes in the San
Francisco Bay Area to sprawling mountain homes in the...
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Real Estate Boom To End? – No!
The naysayers are proclaiming the end of the real estate boom once again. Once again, they are wrong.
Boom, Boom, Boom
In recent years, it's impossible to turn on the television or read the headlines without seeing a warning of impending doom. Experts claims there is a housing bubble and it is about to burst. Should first-time and move-up homebuyers be concerned? No.
We keep hearing about the bursting bubble, yet the real estate market continues to boom. How can this be? Demographics are the primary reason.
The most significant and frequently mentioned demographic is the "Baby Boom" generation, which refers to children born in the years following World War II. Economic forecasting expert and author, Harry Dent, has written extensively about how property buying habits occur in a predictable fashion as a generation ages. From needing an apartment in college, to buying a starter home and eventually trading up to something larger, it is all cyclical. Since the Baby Boom generation is the largest so far, their impact has been far greater than the generations that preceded them.
Now that Boomers have moved into their top earning years, they continue to push the housing market to new levels. They are purchasing larger primary residences as well as vacation homes and investment properties. The statistics for 2004 reflect this trend, with 36% of home sales going toward second homes and 23% of sales going toward investment properties.
Demographic trends don't end there:
Immigration -
There has been a large influx of immigrants over the past three decades.
Children of Baby Boomers - This generation is now in their twenties and looking to purchase their first homes.
Retirees - While the demand for housing is expanding, the supply is decreasing. With advancements in medicine and treatments of disease, retirees are living longer. This means that they are occupying their homes for more years, which decreases the supply of homes available for purchase.
In addition to the demographic factors listed above, real estate has been a rewarding investment. Stocks and bonds have not performed as well as investors were used to, while real estate has exceeded expectations. In an uncertain world, people are more comfortable investing their money in property that will appreciate and can be lived in.
Don’t buy the hype about a bursting bubble. Three years have passed since the doom and gloom predictions started. The real estate marketing will continue to flourish.
About the Author: Dan Lewis is a mortgage broker with http://www.gwhomeloans.com - San Diego mortgage brokers providing home loans and refinances. Visit http://gwhomeloans.com/services.html to learn more about options for San Diego mortgages.
Source: www.isnare.com
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