Following the decline of our tech-based stock market, the U.S. economy has been greatly supported by the real estate industry. Sales of high-end homes have increased at a remarkable rate, creating the most lucrative luxury markets in history in major metro areas across the nation. What economic factors have collaborated to create these boom conditions?
more> Although many luxury homebuyers say that interest rates do not affect their ability to buy, the fact that interest rates have remained historically low has affected the overall real estate market. Low interest rates have allowed trade-up buyers to use accumulated home equity to purchase otherwise unaffordable high-end properties.
Real estate is considered to be a safe, sound investment decision. Home price appreciation has resulted in substantial equity gains for millions of property owners. Real estate is an investment that can be leveraged, and tax laws grant home sellers generous tax-free profits.
The 75 million “baby boomers” born between 1946 and 1964 are using their acquired wealth and home equity to purchase second homes, vacation homes and luxury properties with great enthusiasm.
Luxury real estate is today’s investment of choice!
Karen Hughes is a Yampa Valley native. Using her resources and skills from an extensive background in sales and customer service, her priorities are focused on attending all of your real estate opportunities! Please give her a ring, you will receive enthusiastic dedication and a depth of knowledge about our area! 1–970-846–4841 or 1–800-430–4121 ext 433. Email Karen at karenh@prudentialsteamboatrealty.com
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