Real Estate Trends
Here is the transcript from this great video report:
What lies ahead for the housing market in2014? The top trends range from Millenials
to smile investing.
Minute.The number one trend is that Millennials are
moving the market, but not as homeowners.A lot of cities have seen increased economic
activity in the real estate sector from this generation, but Millennials aren’t forming
new households at the rate they should be.Another trend is that second-tier cities such
as Dallas and Portland, will lead the recovery in 2014. Investors, developers and builders
are interested in these cities because housing prices are cheaper and there are more housing
deals. The real estate recovery will also still hinge on job growth. Slow job growth
is holding back the recovery, and that’s not likely to change anytime soon. Experts
say the so-called “smile investing” philosophy is back. That’s where developers and investors
look at cities in the Northeast, then move south to the cities along the Sun Belt and
come back up to the Northwest. There will be less multi-family apartment building in
2014. During the recession, many homeowners started renting and multi-family building
surged. But that’s likely to quiet down in 2014.
I’m Ilyce Glink, for 5 more real estate trends for 2014, watch my next video or visit
my website, ThinkGlinkk.com, where we’re rebuilding America, one house at a time.
What lies ahead for the housing market in2014? The top trends range from Millenials
to smile investing.
Minute.The number one trend is that Millennials are
moving the market, but not as homeowners.A lot of cities have seen increased economic
activity in the real estate sector from this generation, but Millennials aren’t forming
new households at the rate they should be.Another trend is that second-tier cities such
as Dallas and Portland, will lead the recovery in 2014. Investors, developers and builders
are interested in these cities because housing prices are cheaper and there are more housing
deals. The real estate recovery will also still hinge on job growth. Slow job growth
is holding back the recovery, and that’s not likely to change anytime soon. Experts
say the so-called “smile investing” philosophy is back. That’s where developers and investors
look at cities in the Northeast, then move south to the cities along the Sun Belt and
come back up to the Northwest. There will be less multi-family apartment building in
2014. During the recession, many homeowners started renting and multi-family building
surged. But that’s likely to quiet down in 2014.
I’m Ilyce Glink, for 5 more real estate trends for 2014, watch my next video or visit
my website, ThinkGlinkk.com, where we’re rebuilding America, one house at a time.