Since the economic recession of 2007, the average price of home has risen 4-6% across the U.S. in metropolitan and surrounding suburban areas. However in those same neighborhoods with organic markets nearby (I.e. – The Fresh Market, Trader Joe’s, Wegman’s, Whole Foods Market) the value of those homes have increased by nearly double the national average as reported by Zillow.com. This trend was been in occurrence since before the real estate bust of 2008 and has resumed with the economic recovery. However, real estate professionals are still in the proverbial “chicken and egg” argument on which came “first,” the organic markets or the rise of real estate values.
To benefit on this trend just stop or call a community’s board of planning & development and ask questions about zoning and plans for the next 10-20 years. Also research the planned development of new organic markets before buying a property and you could significantly increase your real estate portfolio value.
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