Interesting US Real Estate Market Trends That Will Appear In 2017Housing-Market / US Housing Feb 01, 2017 - 03:40 PM GMT
2016 saw a really surprising twist in the US as Donald Trump won the presidential race. This in itself is a guarantee that the market will see different changes, given that Trump is a real estate magnate. Although associated created controversy affects various parts of US economy, the real estate market is expected to continue its upwards trend started in 2016.
Various changes are expected in real estate, especially because the evolution of technology and investor knowledge. Real estate investment education is higher than ever so negotiations will be more interesting than expected. Besides this, you should expect the following.
Drones Used In Real Estate Property Promotion
According to Fahad Al Rajaan, a really key trend will appear in real estate agents looking for new promotion methods that can be used in order to increase the possibility of making a sale. It is expected to see an increase in the use of drones since you no longer need a license to operate one. The drones can easily be used to create property flyovers a real estate agent is going to use to showcase what is available. Aerial views are preferred for the larger properties while in the cheaper markets the use of the drones can highlight important parts of the neighborhood. With commercial properties the agent can present access ways and other location advantages investors may be interested in seeing.
An Increase In Dense Community Real Estate Popularity
The current trend is to move away from suburban, unique real estate and go towards denser communities with varying housing arrangements. Examples can be given in single-family homes, apartments and town houses that are arranged in one neighborhood. The term that is used to describe this at the moment is “surban”. The suburban neighborhoods that are now being developed are adding various urban amenities, creating an environment where people can play outside, work and live in increased comfort. These neighborhoods have a design that is inclusive. At the same time, they are affordable for janitors, police, firefighters and teachers, just to mention some of those highly interested.
Move-Up Properties For Millennials
Millennials have money that is to be spent on real estate property down payments. It is expected that this market sector is going to now buy the first home in the following 12 months. That is because enough savings are available for the down payments. While student debt is still going to influence this age group’s buying power, millennials will start looking for suitable properties. With this in mind, properties in some neighborhoods that are appealing for students will see a small price increase.
2017 will be a year when real estate property buying is going to increase. It is not at all difficult to understand why since buying power is higher than ever and market options available increased so prices are lower. Real estate agents will look for unique ways to promote properties and we do expect to see innovative technology and online options use in the near future.
By Boris Dzhingarov
© 2017 Copyright Boris Dzhingarov - All Rights Reserved
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