U.S. Real Estate Markets With Consistent Price Appreciation
Buying home, information pills online condo or any other real estate in a market that is protected from a bursting bubble is every investor’s dream. Knowing where to look for these bubble-proof markets and how to identify them is crucial.
There are some important factors that investors should consider when searching for stable investments such as single-family homes, condos or any other type of real estate. Some of these factors include a fast growing population (which positively impacts the demand for housing), a solid and diverse economy (which impacts employment rates and subsequent demand for housing), rising incomes (which impacts buyers’ ability to purchase real estate), a developing infrastructure (which contributes to the appeal of a city or community), and restrictions on future real estate development (which limits future supply of real estate). Investing in real estate within communities that meet these criteria may prove to be more profitable than communities that are missing one or more of these factors.
A recent report by Business 2.0 Magazine identified U.S. cities that have consistently demonstrated price appreciation in the real estate market. The October 2006 issue of the Magazine identified the top 5 real estate markets that demonstrated an upward price trend over a long period time. The top-ranking cities were:
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1. San Francisco, California
2. Los Angeles, California
3. Seattle, Washington
4. Boston, Massachusetts
5. New York City, New York
San Francisco topped the list with an average annual home price appreciation of 4.2% from 1949 to 2006. In contrast, the national average was 2.3%. Strong restrictions on real estate development and a limited geography helped push San Francisco to the top slot.
Los Angeles ranked second in the report. The average annual home price appreciation in Los Angeles was 3.7% from 1949 to 2006. Reductions in available land and increasing restrictions on further development helped pushed Los Angeles to the number 2 slot.
Home prices in Seattle, which was third on the list, demonstrated an average appreciation rate of 3.2% from 1949 to 2006. While Seattle made the top 5 list, recent easing of building restrictions may cause Seattle to fall out of the top 5 over the next few years.
Boston was fourth in the rankings. The city has seen annual home prices appreciate by 3% over the period from 1949 to 2006. A strong increase in per capita income contributed to Boston’s high ranking.
New York City follows close behind with an average annual home price appreciation of 3% from 1949 to 2006. A limited geography, large population, and finite number of properties contributed to New York’s high ranking.
While there is no guarantee that any of the real estate markets listed previously are truly “bubble proof,” the factors described above may help investors find the profitable markets and avoid “bubble” markets. Since the real estate market is constantly changing, be sure to seek out the services of a skillful real estate agent to help you navigate your next real estate purchase.
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Connecticut Real Estate Investors Assn. (CT REIA) Announces March 2011 Meeting With Tax Reduction Specialist Al Aiello
Article by Connecticut Real Estate Investors Association
The Connecticut Real Estate Investors Association, here or CT REIA, remedy in association with Al Aiello, sildenafil is announcing the March 2011 CT REIA monthly meeting. This event will take place on Monday March 21, 2011, from 5:30pm to 9:00pm at the Crowne Plaza Hotel, 100 Berlin Road, Cromwell, CT. This event is free for CT REIA members, and for not-yet-members.
Al Aiello is a national speaker specializing in wealth protection. He teaches dynamic strategies on tax reduction, IRS audit-proofing, entity structuring and asset protection targeted for investors and business owners. He has been an investor for over 30 years. He first got his real estate license and went on to broker millions of dollars of real estate. He then received his CPA by passing the first time, not an easy accomplishment. Subsequently, he got his Masters in Taxation graduating with the highest honors in this rigorous program. He was immediately hired as adjunct professor where he taught partnerships, corporations, asset protection and real estate taxation (a course that he suggested, created and developed). He has been a business owner since 1980 including having had his own tax practice that specialized in real estate and IRS representation. As a national speaker with home study courses, he has thousands of students across the country who use his strategies to pay little or taxes, audit-proof their returns against the IRS and protect their assets.
Attendees of the meeting will learn: how to avoid big costs and IRS fear with audit-proofing strategies; when is the best time to file your returns; tax reduction strategies for privately owned and operated properties; tax deductions for depreciated land and housing related items; tax reduction strategies when selling properties; and much more. Al Aiello will share his vast experience and extensive research so he can help attendees legally pay little or no taxes, regardless of their income situation.
CT REIA is an organization that provides motivation, networking opportunities, and up-to-date education for people who want to buy their own home or investment property. Each month, a nationally known real estate investment trainer is featured. Professionals, investors, landlords, property managers, realtors, contractors, wholesalers, rehabbers, and the general public are invited to attend our meetings. For more information on this and other real estate investor courses from CT REIA, please call (860) 265-4414 or visit http://www.ctreia.com .
About the Author
CT REIA is an organization that provides motivation, networking opportunities, and up-to-date education for people that want to buy their own home or investment property.
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