10 real estate trends for the future
TRANSCRIPT
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10Real EstateTrends for the
Future
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1. Rent
Millennials have shownpreference in renting aresidence over purchasingone, so over the coming yearsrenting is sure to boom.
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2. Buy
Of those who are choosing topurchase property, many aredoing so so they can renttheir properties out forsupplemental income.
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3. Semi-burbs
According to consumerreports, many millennialshave shown interest in livingin a suburb-like setting calleda semi-burb that offers asense of community.
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4. AffordableHousing
A need for more affordablehousing is present in the U.S.as the cost of living keepsincreasing while pay ratesstagnate.
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5. Mortgages
There are many buyerassistance programsavailable that work inconjunction with thegovernment to help lowerthe cost of downpayments.
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6. Technology
Technology growth in the realestate world has been rapid,with people now able topurchase homes they've nevereven seen online through siteslike Zillow and Trulia.
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7. Business
As businesses grow, their officespace must grow with them.Since the rate of employmenthas been on a steady incline,businesses are constantlygrowing and more space isrequired.
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8. EnvironmentalImpacts
Each year, the Real EstateIndustry uses over 40% of theworld's energy and emits 20% ofthe globe's greenhouse gasses.As more focus shifts towardstaking care of the planet, it'slikely real estate will follow.
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9. Network
Networking is proving itsimportance in real estate asmost agents are paid solely oncommission. Having a largernetwork means more potentialclients and customers.
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10. Expectations
Although the cost of living isincreasing, so is the employmentrate which means more moneyfor people to spend on propertyand travel.
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Peter Bubel is experienced in realestate as a 20 year+ property manager.
Visit his website
orCheck him out on social media