The demand for land will proceed to be strong within the next few years particularly compared to other types of real estate. In truth, the most important media is reporting a robust, optimistic message in current articles about land: Polling data collected by one of many the premier land web sites recently carried out a ballot asking "When are you likely to buy land?" 73% responded stated they plan to purchase land within the subsequent 12 months!
USA Immediately - Based on a poll commissioned for the Nationwide Affiliation of Realtors, 60% of Baby Boomers wish to retire to a small town. The article concludes that Boomers have "an almost insatiable need for real estate....they see real estate as a solution to build and protect a nest egg."
Why vacant land? "For a lot of people, it's a dream to have a second home, however they really cannot afford it, so, they purchase a lot." Many Boomers are shopping for land with hopes and desires to in the future transfer on the property.
New York Times - "The real estate market might have cooled, however investor demand may soon be heating up for at least one kind of property: land. Skip to next paragraph" The time is ripe to start trying; I haven't seen this market in 20 years," stated Jaime Raskulinecz, a real estate investor from NJ, who desires to purchase land within the hard-hit market of Cape Coral, FL. She discovered lots for sale on or near the water at a couple of third to half under their peak prices of years ago. On a larger scale, Ray Alcorn, an investor in VA, is picking up parcels of land after two years on the sidelines. He has bought more than one hundred acres all through VA this yr, much of it at reduced prices.
New York Instances - "Farm values probably will rise at an annual rate of 6 p.c to 10 % in the next five years," said Murray Wise, of Westchester Group Inc. manager of $550 million of worldwide farm tracts. Compared, the median U.S. home is forecast to gain 1.2 p.c by way of 2010, the Mortgage Bankers Affiliation in Washington said. ``It's just loopy on the market proper now,'' said Mac Boyd, sixty five, a real estate dealer in Arcola, IL, who has sold farms for more than three decades. "The land market has by no means been stronger."
"Timberland has really crushed the stock market since 1960 (as far back as data goes). Stocks did extraordinarily well in that time... up nearly 12% a year. But the total return on timberland was even higher, at almost 14%. Another nice thing is timber is completely uncorrelated to the stock market. It makes sense... the bushes have by no means heard of the Nasdaq bubble... and they don't know what a War on Terror is."
Emily Wilson, a realtor in Shelbyville, TN (south of Nashville) was requested to touch upon land sales in her area. She stated "acreage is selling better than homes in our area. We promote a whole lot of horse farms and excessive greenback properties...but if I had been depending on starter residence sales for a living, I might be crying hard times. Instead, our company sales are up $1 million over this identical time last year."
USA Immediately - Based on a poll commissioned for the Nationwide Affiliation of Realtors, 60% of Baby Boomers wish to retire to a small town. The article concludes that Boomers have "an almost insatiable need for real estate....they see real estate as a solution to build and protect a nest egg."
Why vacant land? "For a lot of people, it's a dream to have a second home, however they really cannot afford it, so, they purchase a lot." Many Boomers are shopping for land with hopes and desires to in the future transfer on the property.
New York Times - "The real estate market might have cooled, however investor demand may soon be heating up for at least one kind of property: land. Skip to next paragraph" The time is ripe to start trying; I haven't seen this market in 20 years," stated Jaime Raskulinecz, a real estate investor from NJ, who desires to purchase land within the hard-hit market of Cape Coral, FL. She discovered lots for sale on or near the water at a couple of third to half under their peak prices of years ago. On a larger scale, Ray Alcorn, an investor in VA, is picking up parcels of land after two years on the sidelines. He has bought more than one hundred acres all through VA this yr, much of it at reduced prices.
New York Instances - "Farm values probably will rise at an annual rate of 6 p.c to 10 % in the next five years," said Murray Wise, of Westchester Group Inc. manager of $550 million of worldwide farm tracts. Compared, the median U.S. home is forecast to gain 1.2 p.c by way of 2010, the Mortgage Bankers Affiliation in Washington said. ``It's just loopy on the market proper now,'' said Mac Boyd, sixty five, a real estate dealer in Arcola, IL, who has sold farms for more than three decades. "The land market has by no means been stronger."
"Timberland has really crushed the stock market since 1960 (as far back as data goes). Stocks did extraordinarily well in that time... up nearly 12% a year. But the total return on timberland was even higher, at almost 14%. Another nice thing is timber is completely uncorrelated to the stock market. It makes sense... the bushes have by no means heard of the Nasdaq bubble... and they don't know what a War on Terror is."
Emily Wilson, a realtor in Shelbyville, TN (south of Nashville) was requested to touch upon land sales in her area. She stated "acreage is selling better than homes in our area. We promote a whole lot of horse farms and excessive greenback properties...but if I had been depending on starter residence sales for a living, I might be crying hard times. Instead, our company sales are up $1 million over this identical time last year."
CON NOI VIAGGI SICURO
Affidati a noi per la tua auto e per la tua sicurezza, siamo i tuoi esperti in servizi automobilistici e assicurativi.