Post on : 2018-11-03
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“United States Real estate market has been facing increasing demands and hence it has lead to much higher prices is expected to be continued in the coming year.”
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This year has been an eventful one for the Real estate market in the United States. As we know the real estate market can shift at any moment, hence the professionals’ needs to stay alert and keep their eyes open for the upcoming trend. Knowing the trend would not only help them to make fruitful decisions but also would help them to serve their customers in a much a better way. So here we present some real estate trends in the United State that would help you to understand the properties in a much better way.
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Trends of the year
Now that we have highlighted on many of the popular Real estate trends in the United States that dominated the market this year, we would now shift our focus towards the United States Real estate market forecast in order to know what the coming year has in store for us.
What’s coming up next?
United States Real estate market has been facing increasing demands with lesser inventory and hence it has lead to much higher prices which is expected to be continued in the coming year. But experts do believe that the construction of United States residential property along with United States commercial property is likely to rise in the coming period of time. This would not solve the problem of high prices of flats at a go, because the demands are very high and to match up with that, the supply of properties is going to take some time. Thus, the supply shortage would continue in some parts of the country in the coming year 2019. Some other forecasts include:
There has been an increase in the number of millennial buying property which goes against the popular myth of millennial being the renters. With such a huge demographic group, it is forecasted that you would get good value for your flats if you are going to sell them in 2019.
Mortgage rates are increasing over the years and it would continue to do so in the coming year, so if you are planning to buy a new house, this is the correct time.
With new constructions taking up the Real estate market in the United States, it can be said that the buyer would be benefited but the increasing demand, high prices, and greater mortgage rates indicate that the sellers would ultimately be benefited
Tags : Real estate market in the United States United States Real estate market United States residential property United States commercial property
“United States Real estate Market Trends, Demand, Forecast 2022”