Why Are U.S. Real Estate Sales up 4.1% Despite Expert Predictions?

For a while now, experts have predicted the demise of real estate sales and investments in America.

The 'make money' with real estate game was slowing.

Despite these thoughts, though, U.S. Census Bureau and the Department of Housing and Urban Development reporte that US real estate sales, especially in the market of new single-family homes, have jumped by 4.1% between July and August 2006 alone.

In fact, the average sales price of a new home in Aug '06 was $304,400

The truth is, despite a good job market and some optimistic economic news, experts have been telling the media (and potential investors) that real estate sales and investments are on the downturn nationwide.

They base these predictions about real estate sales and investments on a few facts. One of the biggest predictors, incredibly, is simply that real estate sales and investments have been doing just "too well".

Thanks to low interest rates, real estate has been hot for a few years. Some experts simply predict that the market will “cool down” based on the fact that real estate has been doing quite well.

Assuming that a bear market follows a bull market, though, is not a good basis for predictions. This seems to be especially true with the state of today's nationwide real estate trend.

Consider that most predictions are based on opinions.

Consider, too, that most financial experts warn investors against following predictions. Among well-respected investment advisors, buying good investments and holding onto them is the way to go.

Smart investors already succeeding in real estate heed this advice and that’s what makes them successful.

Smart investors don’t consider predictions from experts – they look at the overall picture and see that real estate sales and investments have worked well for all time.

For them, the recent 4.1% increase in sales is no surprise.

They know that people always need homes and that simply means that there are almost always excellent investment opportunities out there.

Right now, with the recent increase in real estate sales, investments property is a great option. Any smart investor today owes it to themselves to at least consider real estate for the long haul and that it will typically buck the trend.

Article Source: http://www.moneyarticlelibrary.com

Brad Wozny part of a mother & son investment team who develop real estate across North America. They also teach others how to invest in real estate in less than an hour a day from home, to generate $40,000 cash in 93 days, or even become a millionaire within a year. To receive their QuickStart Guide to Real Estate Investing, and get $147 in *FREE* REI Gifts, Tips, and TeleSeminar access, signup now at www.MillionaireRiches.com

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