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7 Reasons Why Real Estate Options Are Ideal For Beginner And Advanced Investors
Whether you are an advanced real estate investor or just getting started, real estate options can be an ideal investment technique. A real estate option is a way to control a property without owning it and it locks in the buying price for a...
Emphasize Your Decor Style in Seven Easy Ways
After searching decorating books, using trial and error decorating, and growing up a little bit, you have finally found the style of decorating that you really love. Your style could be Arts & Crafts, French Country, Asian, or Metro Hip. If you are...
Hiring Home Contractors
Have you ever had a problem with a home contractor? You're not
alone. A friend of mine paid over seven thousand dollars to have
his roof repaired, only to have it leak the next time it rained.
The contractor made excuses, but never did a thing...
Montana Real Estate Big Sky Country
Montana is known as Big Sky Country for the wide-open spaces you can find there. Fortunately, Montana real estate is inexpensive enough to make it a good relocation spot.
Montana
Montana has some of the most beautiful scenery in the United...
Where Are The Really Good Real Estate Investment Deals?
In writing my last article about the neighborhoods where I find the most profitable rehab real estate investment deals, something occurred to me.
In that article I described investing from what I've found is typical in doing this business. I...
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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.
Dont 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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