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Emerging Trends in Real Estate

February 17, 2016

02.09.2016_01As a Realtor® it is my job to pay attention to the latest trends in housing, to note how they may affect my clients, be it for selling or buying a home. The Urban Land Institute (ULI) is one organization that provides an annual study and review of what is expected to be trending in the coming year. The ULI just released its latest report based on hundreds of housing industry analysts and experts who were surveyed across the country. The overall outlook is one of continued growth, with several key trends having been identified for 2016.

It is expected that second tier, or 18-hour cities as they are also called, will become the new go-to locations for homebuyers. California cities such as Sacramento and San Jose are expected to see better sales for housing due to the lower cost of living compared to top tier cities such as San Francisco. Because of our digital lifestyles, living in these cities is more feasible for work/home life as we can remain connected to top tier cities without having to live there.

02.09.2016_02As more millennials become parents, a growing trend in itself, a larger surge toward suburbs is anticipated by industry experts. If you own a home in the suburbs, this could be good news for you to get a better selling price than in recent years. If you are looking to buy in 2016, consider where you want to live and note that there could be greater competition in the suburbs.

There has been an increased demand in renting across the country as many families are dealing with being unable to afford to buy a home compared to renting. This is good news for anyone looking to invest in real estate, as chances are you will be able to rent these 02.09.2016_03investment properties easily. On the flip side of this, there is also a growing trend in the willingness of homebuyers to look to different types of housing, such as the Tiny House, easily portable micro-space dwelling units. Properties with larger lots are also being split for building smaller homes, such as row houses, to help fill in this niche. This is something to consider as a property owner and the investment of your land.

It is also no surprise to see that one projected trend is centered on people power. When it comes to the housing industry, according the ULI report, more and more experts agree, the personal touch beats out data algorithms when it comes to understanding local housing markets. This is where my role as a Realtor® for you pays off. I can help you navigate the current trends, concerns and changes that are coming to our region, and help you determine the right match for you when it comes to finding or selling your home. The latest findings from the ULI support what we in the business have long known to be true, you can’t replace the people with a computer.

 When you are ready to sell or buy a home, my team and I are ready to help you through the entire process. Our goal is to make your experience both easy and pleasurable. Contact us today at (925) 634-7820, or by email at realestate@cecily.com.

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