2017 Real Estate Trends to Watch Out For Jan13

2017 Real Estate Trends to Watch Out For...

Many recent articles propose their predictions and trends for the coming year for real estate investors to read and investigate. It is very subjective and the reader should make note of the trends that fit into their individual plans. A recent article in the Huffington Post by Than Merrill of Fortunebuilders discusses 3 Trends in the Real Estate Market for 2017. Construction One notable trend is that the construction of new homes could ease the strain on inventory as people shift from renting to home purchasing. There are many factors that affect this. As millennials are growing in their careers and earning more money, they may make lifestyle choices such as marriage, family and home ownership to round out their futures. They are bringing new money to the market and there will be a variety of new buyers. Some will want homes in brand new modern communities while others may prefer traditional established neighborhoods and school districts. It will depend on the area of the country and individual states. Older established home owners may be reaching retirement age and consider downsizing and moving or renting rather than be burdened with the maintenance of a home. This will free up established housing inventory. Talk to the real estate professionals in your area and gauge the current trends from other investors, builders and agents. Where will you place your investments? Other trends for the new year will include some of the following according to Market Watch http://www.marketwatch.com/story/5-real-estate-trends-to-watch-in-2017-2016-11-15. The Trump Effect Many people are trying to predict what the election of a real estate mogul and expert such as President Elect Donald Trump will do to the market. Will he simplify and enforce the regulations for the financial industry? Will interest rates rise? Will the US government...