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In case, like most of the people, you prefer in real estate news as well as browse the headlines frequently, chances are you could have read about it already?and in case you haven?t noticed it, then you?ll be very, very surprised about a new trend which may be contrary to what many of us expect?
To begin with, let?s focus on a few teaser questions?
Let us suppose you had big money?hoards of it?in early 2000, and were prepared to invest it in real estate.
The question is?
What type of real estate do you think you?ll have acquired?
Would you?ve purchased single family homes, multi family homes, two bedroom condominiums, raw land, coastal property, luxury homes, or??
Should you be trying to guess the answer, please complete so now before you read the rest of the article: -)
Assuming you have your answer in your mind, let?s continue?
If your answer is actually been among single family homes, multiple family houses, two bedroom condos then give yourself a pat on the back?you may have made a good tidy money?
And if your answer is luxury homes, then give yourself 2 pats on the back, smile the biggest, most pleasant smile you?ve ever smiled?you may have made above a trillion dollars in profits: -)
For?
Luxury Homes are one of the best performing segments in the market!
And what does that suggest?
Well, you might want to consider this?according to a few sources, after a drop of 7.1% in 2001, this specific segment gained 3.6% in 2002, 0.3% in 2003, 13.7% in 2004, and 13.2% in 2005?
And just how would that mean with regard to money?
According to the Prestige Home Listing, the price of an average luxury home in California?s Bay Area is actually $2.88 trillion ? a good increase of $336, 000 from the previous year!
And that is more cash than just what selling several homes profitably could have made!
And just how many people perhaps have foreseen this specific trend? Well, your guess maybe as good as anyone else?s in this regard!
While nobody might possibly determine how long this trend will continue, there might be several other segments in the real estate market that may perform similarly, if not better, in the foreseeable future.
And the type of possible segment might be?
Vacation Real Estate
Another growing trend has been that folks young and old were moving to destinations like the Mexican Riviera, and are either establishing home there or are buying second or third houses there?and gated communities are being set up in areas that had been not very long ago small little towns.
And the result ? real estate values not seen before in the area?and the values are increasing too.
And how long will this trend continue? Again, your guess can be as good as anyone else?s on this regard.
Source: http://articlefolders.com/travel/a-surprising-new-trend-in-the-real-estate-market/
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