PRLog - Dec. 22, 2012 - GOODLETTSVILLE, Tenn. -- For the next five years, I recommend smart investors dedicate a healthy portion of their investment portfolio to buying real estate whether it’s your first home or a rental income property the return on investment is great. In November, existing home sales rose 5.9% to an annualized rate of 5 million, beating Wall Street expectations. Last month was the 17th consecutive month of growth in the housing market and the highest level of sales since November 2009. The national price for an existing home rose 10.1% to $180,600 in November 2012.
real estate sales Ridgetop Tennessee
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Real estate housing outlook for 2013 and beyond:
The housing recovery is accelerating for the next 3-5 years.
Expect a rise in home sales, construction, remodeling and real estate prices that will help boost GDP.
Investor demand for foreclosed properties is high.
A new generation of Americans is growing up to create households and families. Need to create family legacy will drive up the demand for home sales.
New home construction in places like Ridgetop Tennessee just 23 minutes from downtown Nashville are booming with strong economies based on small business growth.
Home prices are expected to rise in many business friendly towns across America like Ridgetop Tennessee about 7% annually through 2016. The healthy real estate values are a better yield than most bonds.