Kathleen Yonce is an experienced real estate development executive
who has been in the business for over 20 years. She started her career
in the real estate industry working for the Aura Group in 1993 and
managed over 2800, square feet of commercial space, including industrial
and office properties. Kathleen Yonce is experienced in site
acquisition, hiring and management of office staff and development teams
required for project development.
For most people, real estate represents a significant portion of their wealth, especially for many homeowners in the United States. The average American has almost one-thirds of his net worth tied up in real estate, which translated to almost $20 trillion dollars for the real estate market. Here are some of the factors that drive the real estate market.
Demographics
The data that shows the composition of the population, such as gender, race, age, income, etc., are statistics that play a significant role in what properties are in demand, and how real estate is priced. Shifts in the demographics of a particular place can have a significant impact on real estate trends for many years to come.
Interest Rates
Another factor that has a significant impact on the real estate market is interest rates. Changes in interest rates significantly influence a person’s ability to purchase residential property. This is due to the fact that when interest rates drop, mortgage costs drop, which in turn creates the demand for real estate, and pushes prices up. The opposite happens when interest rates go up.
Kathleen Yonce worked as a Principal for KEY Management Consulting before forming her own real estate brokerage firm, KEY Investment Advisors.
Source: http://www.investopedia.com/articles/mortages-real-estate/11/factors-affecting-real-estate-market.asp
For most people, real estate represents a significant portion of their wealth, especially for many homeowners in the United States. The average American has almost one-thirds of his net worth tied up in real estate, which translated to almost $20 trillion dollars for the real estate market. Here are some of the factors that drive the real estate market.
Demographics
The data that shows the composition of the population, such as gender, race, age, income, etc., are statistics that play a significant role in what properties are in demand, and how real estate is priced. Shifts in the demographics of a particular place can have a significant impact on real estate trends for many years to come.
Interest Rates
Another factor that has a significant impact on the real estate market is interest rates. Changes in interest rates significantly influence a person’s ability to purchase residential property. This is due to the fact that when interest rates drop, mortgage costs drop, which in turn creates the demand for real estate, and pushes prices up. The opposite happens when interest rates go up.
Kathleen Yonce worked as a Principal for KEY Management Consulting before forming her own real estate brokerage firm, KEY Investment Advisors.
Source: http://www.investopedia.com/articles/mortages-real-estate/11/factors-affecting-real-estate-market.asp
