AndeeeMarcum294
If, like most people, you are interested in real estate information and look at headlines every now and then, chances are you might have learn about it already... and in case you've not heard about it, then you might be very, very surprised about a new development which may be despite what lots of people assume...
Firstly, let us start with several teaser issues...
Let's suppose you'd lots of money... Tons of it... in early 2000, and were willing to invest it in property.
The problem is...
What sort of real estate do you think you'd have purchased??
Could you have purchased single family homes, variable family homes, two room apartments, fresh land, coastal real estate, luxurious homes, or... ?
Please achieve this now before you see the remaining portion of the report :-), if you are trying to guess the answer
If you do your answer at heart, let us proceed...
If your answer is been one of single family homes, multi family homes, two room condos then give your self a pat on the trunk... you might have made a significant tidy sum of money...
And if your answer is luxurious domiciles, then give two pats to yourself on the rear, smile the largest, most pleasant smile you've ever smiled... It's likely you have made well over a dollars in profits :-)
For...
Luxury Homes are actually one of the best performing sectors in the true estate industry!!
And what does that mean??
Well, you might want to consider this... Based on some places, following a fall of 7.1% in 2001, this part received 3.6% in 2002, 0.3% in 2003, 13.7% in 2004, and 13.2% in 2005...
And exactly what would that mean when it comes to money??
According to the Prestige Home Index, the price of a typical luxurious home in California's Bay Area is currently $2.88 million - a growth of $336,000 from the prior year!
And that is additional money than what attempting to sell a few homes profitably could have made!!
And just how many people may have foreseen this tendency?? Well, your imagine perhaps as effective as anyone else's in this respect!
There might be various other pieces in the market that might perform equally, if not better, later on, while nobody may be able to find out just how long this development will keep on.
And one particular possible segment might be...
Holiday Real-estate
Yet another growing trend has been that individuals old and young have been going to places just like the Mexican Riviera, and are often creating home there or are getting second or third homes there... and gated communities are increasingly being create in areas that were not so sometime ago petite little communities.
And the result - real-estate values not seen before in the area... and the prices appear to be increasing also.
And just how long will this trend keep on?? Again, your guess might be as effective as anybody else's in this respect. the austin texas real estate ranches