5 Surprising Real Estate Trends to REALLY Consider in Today’s Market
Legend has it…..
There’s a King of 2016 in the kingdom of Real Estate, and he has 5 children. His first born is Mortgage Rate. His second son is Millennial Influence. And his first born daughter is New Construction. And his second daughter is Normal Economy. And the baby-born son is Rent Hike, the runt of the litter. Through the 5 real estate trends our markets are shaped and our world is sheltered….
Mortgage Rate reminds Millennial Influence to buy his first house. New Construction shared a room with the Normal Economy, and Rent Hike made it hard to move, and so many stayed stable in 2016.
5 Real Estate Trends for 2016
- Higher mortgage rates this year, but other optimistic points about the economy are keeping the bubble intact. Click here to read more…
- The Millennial influence on market demands is strong, and they are ready to buy. Click here to read more…
- New construction is hearing what the millennials and baby boomers want, and have pretty finished their sprawl into the suburbs, – and can add the focus of meeting the demand of the ‘affordable’ housing market, by rejuvenating old buildings, community oriented cities, and greener yet more efficient construction. Click here to read more.
- Normalization of the economy is here. 2016 looks far more like stable trends than the abnormal ones we might have gotten too used to… Click here to read more.
- Rent prices will hike again in 2016, pushing Millennials into buying homes OR staying put even further. Click here to read more.
These shifts are natural and part of the push and pull of the economy – supply and demand – real estate trends.
Simple rules for a complex system: Try to buy when princes are down and try to sell when prices are up. Try to keep your credit up, and rent low to save up and get that mortgage. It’s only a matter of time before banks, builders and the feds team up to meet the needs of your demands! The economy is encouraging growth in 2016, instead of beating back risks and putting out fires. That’s good news.