Real Estate Marketing Trends That You Can’t Ignore
According to The National Association of Realtors® (NAR), 2018’s real estate market is dominated by two factors: a strong demand from buyers but a limited inventory and an influx of ready-to-buy, first-time buyers. Due to this, the real estate industry is looking at rising prices and appreciation, but also a lower availability and affordability. In fact, CoreLogic’s numbers reveal that home prices have gone up by 7% since 2017. With a competitive market like this, real estate agents will need to adapt to these three rising trends for 2018: Supply and demand NerdWallet shows that 80% of millennials are at the age where they want to settle down already, driving up a demand for starter homes. In addition to this, the author of The Housing and Mortgage Market Review® says that The US housing industry suffers from underbuilding and is 1-2 millions behind what it should be. This is due to less buildable lots, rising construction material and labor costs and an increase in regulatory ...