1. Real Estate Upsurging Trends in 2013
The prospects of revolutionary Real Estate trends in 2013 are undoubtedly promising. By
keeping aside the conventional path and adopting new trends and issues, the real estate
market will see a skyrocketing growth in itself. Owing to a recuperating and distressed
economy worldwide the prediction may sound too hard to believe, but excerpts are
formidably accounting for a momentum shift in all property types. Though the clouds of
uncertainty regarding the economic slowdown still hover on this business, staying positive
and laying the best foot forward can help in gaining plenty of profits and enhanced scope.
The business is largely capital intensive and hence an economic boost is the need of the
hour.
However the following key trends will be firmly exhibited in the sector, for good or for the
worse, implying a noticeable turnaround in the industry.
1. Increase in home prices as well as rise in housing rents
The expected increase in the home prices is because of the slow pace in their construction.
This has resulted in a shortfall of available homes. Thus a steep rise in the prices is
imminent. Furthermore, the number of people moving out and looking for their own
apartments has dramatically increased consequently leading to an increase in the rents.
A remarkable hike in the prices of building materials is also a reason behind the inflation
seen in the industry.
2. Watch out for the first timers
It is more likely that amidst the growth in demand for single family houses it will be the
first time buyers dominating. This trend has been in practice since the last couple of years
and is expected to continue in the very same manner.
3. Need of Property Managers
The requirement of property manager will see a considerable increase owing to the fact that
many distressed and foreclosed properties will be snapped. A professional property
manager will be helpful for an investor for renting and maintaining the purchases.
4. Rise in mortgage interest rates
The mortgage interest rates have been at a minimal low since years and an increment is
definitely expected. But, rest assured the rise will not be a pronounced one.
5. Urging for compactness
Gone are the days when businesses used to demand for big commercial complexes. The
trend has shifted to compactness, i.e. smaller places are much more preferred. It’s easier to
maintain and the rents and operating expenses are drastically reduced.
6. Going Suburban
Though its’ difficult to move businesses into the suburb’s, the necessity demands for one.
With more and more young people thriving for a suburban life, it won’t be a bad idea for
the real estate builders to explore such avenues. But one must keep in mind about the
selective business which could survive the suburban nodes. With such businesses one can