The home office is becoming a permanent part of every American home. According to a study released last year by the US Department of Labor, Bureau of Labor Statistics, 21 percent of all employed persons report doing some or all of their work at home. Self-employed workers are logging even more hours at the home at 55 percent.
The Grid Condos Toronto Center at Texas A&M University reports that the Texas economy is still weathering the downturn better than the nation's economy. The state's economy lost 274,600 jobs from June 2008 to June 2009, an annual job loss of 2.6 percent. Over the same period, the U.S. economy lost more than 5.8 million jobs or 4.2 percent of its total nonfarm jobs. The report stated that in Texas - education and health services, and hospitality as well as the government sector had more jobs in June, 2009 than the same period in 2008.
Some of the million dollar homes in L.A. include those which are currently owned by Flea, which is on sale for the low low price of about 13 million dollars give or take a few. If you have the cash you might also want to take a look at the mansion owned and for sale by Shannon Doherty, of Charmed fame, which current asking price is about 4. million.
Median home prices were $555,000 for December and $351,000 for condos. The average price for homes rose by 2.9 percent in December to $723,599; and condos rose by 0.3 percent to $408,202.
While coastal and lake areas would seem an obvious choice for American speculation, many are buying properties simply as an investment project. Renting a condo is one of the easiest way to make money and have the property 'buy itself', and grid condos everywhere have jumped as people are realizing the enjoyment of life without maintenance!
Option 2 - Private property sales. As stated above, you're saving a lot of money and have complete freedom with regarding to marketing, showing the property, picking your offers and closing on your own terms. You'll put in the hours and effort, but for the right seller it's the way to go.
In the long term, real estate property is known for a consistent growth in value on a comparative market analysis basis. If there is an increase in value and you are paying down your mortgage balance, it increases your equity in the property and adds to your net worth. If you have purchased the property right and maintained it properly, your tenants, in effect, make your payments! In addition, there may be tax advantages available to you when you deal in a long term investment.
If you're in the market to buy a new home, give Google a shot and see if you can't get a good idea of a home you like before you even have to talk to a real estate agent.