There are many opportunities to invest in real estate this year and that trend is expected to continue in 2020. Although there have been discussions about a looming recession, the vast majority of economists anticipate that the real estate trends detailed below will continue to progress.
The current landscape of commercial real estate is defined by a handful of key technologies. The first of these is the cloud, the second is mobility, and the third is digitalization. As the use of technology by real estate agents and firms continues to evolve, the need for experienced developers, companies, and investors in the field will only intensify.
There are always stories about how businesses get started in someone’s garage, basement or apartment, but you don’t always hear about the length of time or the specifics of what it took for them to rent their first office space. For a long time, this process usually took a huge financial commitment on the part of a business owner from having to agree to rent out space for years, and in many cases needing a large immediate investment. But things have started to change now with co-working and flex office spaces taking over the landscape, especially in large cities.
At a time when the economy is booming, real estate markets across the country are seemingly going into overdrive as wealthy investors and developers snap up properties in fashionable cities across America. It may be a golden age for wealthy US residents, but the current boom cycle in American real estate circles has left many minority families out in the cold.
A new vision is emerging for urban planning to create more walkable and people-friendly communities. This concept, known as “New Urbanism,” is spreading across American cities.
As the decade comes to a close, certain home decor trends are starting to look dated. Though these trends were very popular for years, overuse means that many people are starting to get tired of them. Homeowners looking to keep their home trendy for as long as possible should avoid heavily investing in these trends.
For many people who are considering selling or purchasing a home, the question of how much a house will likely fetch in a particular market is an important and often confusing issue. Here are just a few key ways that a home’s value is determined, and why these factors matter so much in 2019.
Gone are the days of cryptocurrencies being a fringe commodity. Today, the market is full of opportunities for cryptocurrency spending and there’s an ever-growing roster of cryptocurrencies available themselves. Soon, it will even be possible to purchase property with cryptocurrency.
Commercial real estate is understandably influenced by consumer habits. Because many shoppers today prefer online shopping, brick-and-mortar establishments have been forced to alter their tactics in order to stay in business. Because of e-commerce, commercial real estate is shifting so as to drive traffic and attract customers. However, these efforts are not always successful, and commercial real estate owners must adapt accordingly.
Millennials now make up a majority of the population. Because of this shift, the real estate industry is beginning to feel the effects of millennial home buying habits and trends. As more millennials pay off student debt and grow in their professional fields, more millennials will emerge in the real estate market, looking to rent or buy property. To accommodate for this gradual shift, those in the real estate industry must take a look at how millennials approach the home buying process.