Earlier this year I wrote an article suggesting a recovery of both the Housing Market, and the general economy was on the horizon. A Window of Opportunity had opened, particularly for buyers of residential real estate and the article sited some notable statistics to support my position. As the first quarter of 2010 progresses this positive perspective seems to be supported by a strengthening of the U.S. Economy. There are no shortcuts in a recovery and we are still a long way from being back to normal. Still, as I pointed out in the previous article, residential real estate activity, particularly for existing homes is accelerating. So, one obvious question that comes up is, “What is a good investment?”
DMB Realty Network announced today that it was selected to exclusively represent all aspects of sales and marketing support of Artesana Rosewood Residences®, the only residential resort community set in the heart of historic downtown San Miguel de Allende, México.
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DMB Realty Network’s sales entities, DMB Realty Network North Scottsdale, and The Silverleaf Group, achieved sales inside of twelve square miles of DC Ranch and Silverleaf of close to $100 million in 2009.
This is the first in a series of articles intended to provide some insights, based on real data and experience, on what is happening in the affluent sector of the residential real estate market. The Media, in print, television, radio or Internet, seems to have a fixation directed toward negative news. Not that there isn’t a place for gut retching horror stories of doom, gloom and disaster, but wouldn’t it be a breath of fresh air if every now and then we got to read or hear about the upside of life? Well, these articles will attempt to lay a foundation for seeing the world of real estate, not through rose colored glasses, but with an eye toward to market, and the windows of opportunity that seem to be opening up.
As the U.S. economy recovers, emerging trends in demographics and consumer behavior will become major drivers of new housing opportunities, resulting in a residential market vastly different from the one that existed prior to the recession, according to Housing in America: The Next Decade, a new research paper authored by John K. McIlwain, senior resident fellow, Urban Land Institute/J. Ronald Terwilliger Chair for Housing.
