Looking at the Big Picture: National Real Estate Trends and how they affect the Vail Valley
When looking at National Real Estate trends, all this recent Vail Valley real estate appreciation doesn't seem so scary after all
Returned from the Inman Real Estate Connect conference in San Francisco last week where I got allot more comfortable with the rapid appreciation we have seen in the Vail Real Estate market… and what i beleive will be the continued appreciation of properties in the Vail Valley for years to come.
Several of the top CEO’s from the largest companies in real estate spoke at this conference and the overwhelming message is that they did not think we were going to see a collapse in national real estate values. Several reasons for this are: a current shortage in US housing; "international cities" real estate values are much higher than those in the US on average; a continued increase for years to come in eligible buyers; new mortgage products that are allowing consumers more buying power; more wealth in the US than we have ever seen in history; and the shift in thinking to real estate as a stable part of an investors portfolio.
Several of these factors also have similar effects on Vail Real Estate. However, Vail has many of it’s own including: some of the best skiing and golf in North America; some on the better planned infrastructure for vacationing; international attention and exposure; the best hotels and restaurants; a safe refuge for freinds and family; extreme notariety through the increase in the popularity of second homes.
Don’t fear the dragons coming over the hill; no real estate bust for this town!
| Contributed by Gateway Land and Development gateway@gatewayland.com Office: 970.926.6777 | Fax: 970.926.2698 http://www.gatewayland.com |
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