North Carolina Real Estate
The North-Carolina real estate market is undervalued making it an important market for those seeking to get the most for their money in retirement destinations. It is believed that the savvy investor will benefit from the explosive growth and demographic trends taking place in North Carolina, with new and unique opportunities existing from the ocean to the mountains. American Demographics Magazine states that "The south is the center of a real estate boom of monumental proportions." (Land Depo Website, 2006) The stated advantages of land investments are listed as being:Greater Flexibility for maximizing value; andSimple Investment Management (Land Depo Website, 2006) Baby boomers make up a large percentage of the U.S. population and these individuals are heading toward the age of retirement within the next fifteen years. More than 50% of baby boomers do not intend to stay in the area in which they currently reside during their retirement. The baby boomer population is stated to be in possession of "70% of the nation's net worth" and as well "many of these people want to live in places with good 'life
NORTH CAROLINA'S REAL ESTATE MARKET & THE BOOMERS The price appreciation of second homes is stated to be "rising faster over the past two years (17 percent) than for primary homes (15 percent). According to the Buy Vacation Condos website "prices in selective developers communities" have increased approximately "35% each year, over the last few years. Other amenities include 100+ championship golf courses, full service marinas: boating, sailing, Jet & Water skiing, scuba diving, horseback riding, miles of beaches and waterways, fishing, dining, shopping and abundant nature and natural wild life. Another development is located in Brunswick County. with "direct deep access to the Atlantic Ocean and Intra-Coastal waterway via the Cape Fear river. To 'save money by investing at today's pricing". Developments such as "The Bluffs" abound in North Carolina both in the coastal as well as in the mountainous areas of the state. To "lock in low payments" while interest rates are at the lowest rates they have been at in 20 years. Sales volume has increased in the range of 55% over last year. Travel (62%) tops the list of desired retirement activities across all ages. (Land Depo Website, 2006) One example of real estate investment in North Carolina is a development called "The Bluffs" in North Carolina which offers no payments for 18 months and up to 95% financing with flexible terms. " (Ibid) Stated in the article is that: "The luxury high-end second home market in this area is absolutely red hot!" (Ibid) North Carolina has been ranked in the top 5 for the entire U.
Common topics in this essay:
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RETIREMENT TRENDS,
Cape Fear,
Depo Website,
LIFESTYLE Baby,
INTRODUCTION North-Carolina,
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Vacation Condos,
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baby boomers,
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Acceptance Essays
