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10
RealEstate
Trends for the
Future
1.Rent
Millennials have shown
preference in renting a
residence over purchasing
one, so over the coming years
renting is sure to boom.
2.Buy
Of those who are choosing to
purchase property, many are
doing so so they can rent
their properties out for
supplemental income.
3.Semi-burbs
According to consumer
reports, many millennials
have shown interest in living
in a suburb-like setting called
a semi-burb that offers a
sense of community.
4.Affordable
Housing
A need for more affordable
housing is present in the U.S.
as the cost of living keeps
increasing while pay rates
stagnate.
5.Mortgages
There are many buyer
assistance programs
available that work in
conjunction with the
government to help lower
the cost of downpayments.
6.Technology
Technology growth in the real
estate world has been rapid,
with people now able to
purchase homes they've never
even seen online through sites
like Zillow and Trulia.
7.Business
As businesses grow, their office
space must grow with them.
Since the rate of employment
has been on a steady incline,
businesses are constantly
growing and more space is
required.
8.Environmental
Impacts
Each year, the Real Estate
Industry uses over 40% of the
world's energy and emits 20% of
the globe's greenhouse gasses.
As more focus shifts towards
taking care of the planet, it's
likely real estate will follow.
9.Network
Networking is proving its
importance in real estate as
most agents are paid solely on
commission. Having a larger
network means more potential
clients and customers.
10.Expectations
Although the cost of living is
increasing, so is the employment
rate which means more money
for people to spend on property
and travel.
Peter Bubel is experienced in real
estate as a 20 year+ property manager.
Visit his website
or
Check him out on social media

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