| |
| |
|
Real Estate Information |
|
|
|
Popping The Real Estate Bubble Myth!
If you turn on the TV, listen to the radio, or even surf the internet, you'll notice that there is a lot of people talking about the "Real Estate Bubble", and asking the question, "when is it going to burst?" They (these so-called experts) have been saying for years that the real estate market can't continue this type of growth. These "experts" remind me of chicken little, with all of their prosphesy of doom and gloom, and the "sky is falling" syndrome. The truth is there has never been a real estate bubble in the past, or presently, and there will certainly never be one in the future. Talk about there being a "real estate bubble" is the stuff that urban legends are made of. Here's the readers digest version of what it all means. The real estate market is really, a "wave". It's cyclical, and we are riding on a big wave right now. Real Estate is just like Investing in the stock market, There are good years when values rise and there are years that are better, when values rise even higher. That's it, in a nutshell. Real estate has gone up and down throughout history, and generally speaking, it is fairly stable. When you look at a graph of real estate values, you would be able to see a clear pattern of increasing values. Now some years would have higher peaks than others, and all in all, it is a gradual building slope from left to right. And it looks just like a wave. In addition, there are more up cycles, than down cycles. So the recent growth we've had will be followed by ones of downturn. The only difference is that it may not be as much of an increase, in other words the increase will be slower. The bottom line is, it will still be growth. This is why there will always be growth. Real Estate is a basic need. People need a roof over their heads. You can rest assured that people will be renting, buying, leasing, and selling homes. And it doesn't matter if the market is low or high or if the interest rates are up or down. Real Estate is a sure thing! Remember Real Estate cycles tend to be regionally based. Real Estate is always driven by the economic principles of supply and demand. Some areas of the country, like Seattle, are going gangbusters, and real estate values are going sky high, and other areas like parts of the northeast are not increasing by the same percentage. However almost all areas are going up in value. Historically, property values increase in a strong job market. Other factors to think about include; program funding, interest rates, population growth, climate, and user-friendly state and local governments, including school system changes. These are critical points to consider when investing in real estate, either as a landlord or for personal use. The key to successful real estate investing is to understand what drives the market. Stay on top of what is going on in your market place. Research the internet, read articles, get involved with your community. One other key to staying at the top of your game is to get a mentor or coach to help you succeed in your real estate investing career. If coaching is good enough for sports figures like Tiger Woods, why not you? To sum it up, Real Estate bubbles don't exist, but there is a real estate wave. As any surfer knows, if you want to ride the waves, you need to get in the water. Watching the action can be fun, but will it put any money in your pocket? Invest with the intention of providing a service for others, and you can become rich investing in Real Estate. Roseanne Nepht is founder of Real Estate XL - an excellent resource site dedicated to information on real estate.
MORE RESOURCES:
Real-Estate - Google News |
|
|
|
RELATED ARTICLES
Checklist for Buying a Home I had a client who called saying that his bath tub just fallen through the floor in his new home (new to him). Mold had eaten away the floor from the crawlspace up. Real Estate Investing Contracts on Toilet Paper Even if your real estate contract has been written on toilet paper, it's valid.Content of your real estate investing contract is what's important. How You Will NOT Make Money in Real Estate We all have seen some book called "How I Turned my last dollar into $1 Million by buying real estate in my spare time". Some of us even bought such books on an impulse with high expectations. Investment Real Estate Secret: Buy a House Today, With No Money Down If you've read my article "Purchasing Property With No Money Down. . Selling Your Home on Your Own - Examples of Problems and Solutions What can go wrong? About a gazillion things, but this is true if you're working with a broker, too. A broker is probably more experienced than you, and may well have confronted and solved your problem on a previous home sale. How to Price Your Property? A house properly priced is half sold. But there are plenty of ways to price it improperly. Real Estate Growth: How Long Will It Last? There has been speculation in the media recently about the fact that real estate will begin to fail and implode as it can only handle so much growth. In my humble opinion these theories don't hold a lot of merit and here is why. Buy FHA HUD Homes FHA HUD homes are those dwellings that have been acquired by the United States Department of Housing and Urban Development (HUD). The HUD oversees the Federal Housing Administration (FHA), which offers federal insurance on home mortgages. Customer Service - The Real Estate Revolution Traditionally, real estate has been viewed as a sales industry. But perceptions are changing. What to Look for in a Home Searching for just the right home can be very exciting. You may plan ahead for the number of bedrooms and bathrooms that you want. Lease Purchasing Is The Perfect Home-Based Business Some call it the 30 second commute. We call it wonderful. Location, Location, Location Location, location, location - known as the 3 most important factors when buying a property, and it is easy to see why. The location of your property dictates how much yield you get, and how much capital growth, which ultimately decides how well you do. 10 Ways To Find Investment Properties If you really want the best deals in investment properties, you have to increase your odds by finding more deals. Who is more likely to get a cheap apartment building, an investor that looks through the MLS listings and calls it a day, or the one that uses ten resources? Here are the ten:1. Why Should Sellers Be Absent During Showings? If only there were a way to sell your home without letting all those people come through. Unfortunately, the reality is that homes must be shown in order to be sold. How to Use the Internet to Help Your Apartment or House Hunting So you are looking for an apartment to rent or a house to purchase. One of the most important steps is researching the neighborhood to decide if you really like to live in that area. Fixtures Fixtures, related to real estate, are items that were originally personal property but are now attached to the property itself. This becomes the toughest issue when tenants attach fixtures to a property. What is a Predatory Lender? Several months ago, the 3,000-member California Association of Mortgage Brokers (CAMB) created the first real definition to describe the abusive lending practices of predatory lenders. According to the CAMB, predatory lending was described as "placing consumers in loan products with significantly worse terms and/or higher costs than loans offered to similarly qualified consumers in the region for the primary purpose of enriching the originator and with little or no regard for the costs to the consumer. Property Investing - Port Melbourne Life on the Edge Property investing prices pick up following a cooler winter last year. Susannah Petty Reports. FSBO - How to Prepare Your House to Sell Did you hear that? Prices of houses in Phoenix have been jumping 5% each month for 2005 according to market experts! Some even predict that the price of housing could jump an additional 10% for the upcoming year. The shortage of houses for sales and the still relatively low interest prices are causing the price of homes not just here in Phoenix but nationwide to escalate. Finding a Great Listing Agent for Your Home: 8 Tips If you've decided to list your home, you'll be paying a real estate agent a significant amount of money to the hard work of selling your home. Therefore, you have the right to expect prompt attention, good service, and protection.
|
 Home  Contact
|
| Real Estate Information © 2006 |
