Thursday, April 7, 2011

Real Estate Market in 2011 is Driven by 4 Factors

Hello my dear friends, its great to be here again, Oke lets start the day with some Real Estate Market growth factors, What is exactly factors that driven Real Estate Market, Real estate represents a significant portion of most people's wealth, and this is especially true for many homeowners in the United States. Some size and scale of the real estate market make it an attractive and lucrative sector for many investors, included me of course, and you of course, so this is the 4 factors is according to investopedia :
Demographics Demographics are the data that describes the composition of a population, such as age, race, gender, income, migration patterns and population growth.
Interest RatesInterest rates also have a major impact on the real estate markets. Some changes in interest rates can influence a person's ability to purchase a residential property. That is because as the interest rates fall, the cost to obtain a mortgage to buy a home decreases or maybe increase, which creates a higher demand for real estate, which pushes prices up more higher and expensive
The Economy Fundamental of The CountryGenerally describe with some economic statistics, This is generally measured by economic indicators such as the GDP, employment data, manufacturing activity, the prices of goods, etc. Broadly speaking, when the economy is sluggish, so is real estate. 
Government Policies/SubsidiesLegislation is also another factor that can have a sizable impact on property demand and prices. Tax credits, deductions and another subsidies are some of the ways the government can temporarily boost demand for real estate for as long as they are in place,

So my friends, hope this article can help you to viewing the real estate markets in future, thank you

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