Are You Missing the Real Estate Boom?

Are You Missing the Real Estate Boom?

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Are You Missing the Real Estate Boom? author David Lereah, chief economist for the National Association of Realtors, asks. We are experiencing a historic wealth-building opportunity. To ensure that your dona€™t miss out, Lereah provides the tools, information, and analysis you need to become a savvy real estate investor. And he shows how to integrate real estate into your overall investment strategies and financial planning goals. Among the information youa€™ll find in the book: How to become a master at dealing with real estate agents, brokers, and lenders. Which home improvements will result in the greatest long-term gains. How to identify the vacation homes and regions that will increase the most in value. How to finance a first-time homea€”with or without a big down payment. Why will the real estate boom continue into the next decade? Low interest rates are part of the story. Although mortgage rates have notched up slightly over the last year, they still remain historically very low. Technological advances from online real estate listings to automated underwriting to an explosion of financing options have reduced home ownership costs and simplified the process of buying and selling. Continued high demand from baby-boomers buying larger homes, second homes, and retirement homes, and a new wave of immigrants and a€œechoa€ boomers buying first homes, ensure that the boom will continue into the next decade. The long-term fundamentals for housing remain strong into the foreseeable future, claims Lereah. Far from a real estate a€œbubble, a€ what we are experiencing today is a phenomenon that takes place only once every other generation: a long-term real estate market expansion. Isna€™t it time you started taking advantage of it today? Are you missing the real estate boom? Can you increase your wealth from it? For most peoplea€”including current homeownersa€”the answer is a resounding yes. But ita€™s not too late to increase your stake in the greatest real estate boom of our generation. Whether you are a first-time buyer or already own your home, Are You Missing the Real Estate Boom? will show you how you can dramatically increase your overall wealth. Author David Lereah, chief economist for the National Association of Realtors, shows why the real estate market is poised to climb higher over the next decadea€”and explains what you can do to profit from it. Lereah calls todaya€™s market a a€œonce-in-every-other generation opportunity.a€ Today's boom is not just driven by low interest ratesa€”there are a host of demographic and economic reasons why real estate will continue to outpace other investments, from the growing needs of the baby-boomer generation and the rise of the a€œechoa€ boomer generation to the new ways real estate is marketed and sold. Are you a first-time buyer? A current homeowner considering whether or not to trade up? There has never been a better time to do so, Lereah convincingly claims. In Are You Missing the Real Estate Boom?, Lereah explains what to look for when youa€™re buying a home; which improvements add the most value to your current home; what to consider when purchasing rental properties; how to evaluate real estate investment trusts (or REITs); and the pros and cons of second homes. Full of detailed information on how to work with a real estate agent and a mortgage lender, how to analyze local markets and regional fluctuations, and how to best finance your investment, Are You Missing the Real Estate Boom? offers readers the seasoned advice they need to invest with confidence and reap outsized rewards.Home Equity Loans, Equity Lines of Credit, and Cash-Out Refis Because you are already a home owner, you can tap into your stored wealth (i.e., the equity in your property) by borrowing against it. Home equity loans, equity lines of ... FHA Loans The Federal Housing Administration, or FHA, offers financing for property improvements to households that qualify for FHA funding. These loans permit homeanbsp;...

Title:Are You Missing the Real Estate Boom?
Author:David Lereah
Publisher:Crown Business - 2005-02-22


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