Find Out whether Your Hometown Real Estate Will Boom Again
Residential Real Estate Market Sunbelt
Over the last few years, real estate market has been shaped by national forces, which caused the real estate boom and bust. However, real Estate has always been a local business and prices are driven by local conditions.
Harvard Economist, Edward Glaeser has studied the growth of the Sunbelt and agrees that local conditions drive real estate markets. His study shows that winter temperatures are a key factor in determining the growth of population, which has a direct relationship with real estate demand. Regulations also have significant impact on real estate. Edward got lot of criticism for predicting that “older, colder” cities will never rise back again and that the future lies in the Sunbelt areas.
Money magazine interviewed Edward Glaeser about the factors that drive real estate markets and you can read that interview by CLICKING HERE
This blog post is brought to you by SimplifyEm Pay Rent Online and Property Management Software
|
Welcome back! What did you think of our Property Management Software?
Are you subscribed to our feed and receiving email updates? |
You might also want to read:
- 2010 Real Estate Market – Factors Driving the future of the market The economic downturn has caused an unprecedented level of turmoil in the U.S. real estate market, and investors, owners, and lenders are facing enormous challenges. According to Real Capital Analytics, as of January 2010, more than $174 billion worth of U.S. real estate was in distress, and nearly 80 percent of this number – 136 billion [...]......
- Is Your Local Real Estate Market Undervalued? Check the List Nearly all markets — 242 of 330 — are considered priced below fair market according to the newly released 2010 report compiled by IHS Global Insight and PNC Financial Services. These judgments are determined by comparing median home prices, local interest rates, population densities and income, plus historical premiums or discounts that areas have exhibited over [...]......
- 5 Cities Where Real Estate is expected to do well in 2010 According to Smart Money, real estate recovery depends on several factors. At the top of the list is a turnaround in the labor market. More people going back to work will have a beneficial effect on household income and consumer confidence and would stabilize the housing market, As of November, one of out every 10 [...]......
- Determine Real Estate Investor Wealth. Are you on track? History repeats itself. How has the wealth of owners of real estate changed because of the real estate purchase? NAR Research looked at the 154 metro areas. They took a snapshot of home equity of individuals who purchase a median price home in these metro areas. The equity built up by the individuals 5, 10, [...]......
- Is Your City in Builder’s List of Bottom Real Estate Markets? Check the List According to Builder magazine the real estate markets that have been hit the hardest will take the most time to recover. They did a study of all the real estate markets in USA to determine which ones are the weakest. The real estate markets that appear on this list have had the most job losses, [...]......
