Saturday, September 22, 2007

Real Estate on a New High

There is an unprecedented boom in real estate in many parts of the world. The prices of land are jetting into the sky. Investment in real estate is yielding huge profits. The boom in real estate is real and here to stay. In USA, the new real estate is now inextricably linked to its economy. A rising real estate market is now part and parcel of a stable economy and rising financial markets. The stable economy and booming financial markets have increased the purchasing power of the people. In USA, middle class people in the age group of 35 to 55 are driving the demand for second homes. The growth in the commercial and IT sector is bringing lot of money in the hands of young people. Interestingly, the new homes are seen as investment. The vast migrants who have settled View the rest of this article


No comments: