Real Estate 2020: The Hottest Areas and Everything Buyers and Sellers Need to Know! North Carolina…
Real Estate 2020:
The hot areas and everything buyers and sellers need to know!
North Carolina remains a hot target, and Vegas continues to decline,
New York and Los Angeles Out and the Heart of America are making a comeback. Everything you need to know about the real estate market this year.
About a decade ago at the height of the Great Economic Crisis of 2008, most property owners hoped to continue to hold their homes until anger rages, while others did everything they could to get a prospective buyer or search for home financing options in the midst of the crisis.
New York and Los Angeles Out and the Heart of America are making a comeback. Everything you need to know about the real estate market this year.
About a decade ago at the height of the Great Economic Crisis of 2008, most property owners hoped to continue to hold their homes until anger rages, while others did everything they could to get a prospective buyer or search for home financing options in the midst of the crisis.
Indeed, these days of uncertainty and economic turmoil seem to be taken from another world, or as a memory of a time gone by.
2008 - 2019 World Order changed:
In the decade since the Great Crisis, the US real estate market has experienced many upheavals but the trends are already clear to all: the cosmopolitan (New York and Los Angeles) coastal cities outside, and mid-sized homes in the middle-class suburbs (North Carolina, Wisconsin, Nevada) have returned to the picture.
From the point of view of the customer, world order has also changed. Baby Boomerz has long been the main buyers and most of us are still trying to crack down on what the Y-Generals who have entered the family building stage want in their lives.
"In 2020, there will be an opportunity for buyers but the challenges will continue," real estate journalist Daniel Hale predicts. Among the challenges is Hale's "difficulty finding the right home, competition with other buyers, and the desire to get a home at an affordable price." And among the opportunities for sellers it counts "the ability to sell simple properties at relatively high prices."
Indeed, even though Wall Street is breaking records, most people looking for a new home still prioritize the Affordability of the property they want to purchase but are fully aware that they may be forced to pay for a 'simple' property at a much higher price than they should have paid four and five years ago. .
This is not a new trend for buyers who seem to be on the bottom of the line with sellers.
Since 2015, potential buyers are facing a shortage of homes for sale, and this year the stock of vacant homes may reach a historic low.
Solid non-luxury:
In this situation, and to the extent that this trend is maintained over the next two or three years, it is a golden opportunity for entrepreneurs to invest in 'solid' projects that provide proper and quality housing at reasonable prices and in a solid location in the suburbs.
Since 2008, many construction, renovation, and entrepreneurial businesses have left solid projects focused on timely paying Custom and High-Hand clients who demand a luxury product for the price they are willing to pay and able to provide a higher-margin entrepreneur for a large-scale project that is uncertain how much it will sell. And at what pace.
But with the growing demand for "more solid" projects and homes, many may consider returning to what used to be the "bread and butter" of the world of entrepreneurship, renovation and real estate - the quiet homes of major suburbs.
"Many still prefer to live in San Francisco or the big city centers, but for the right price, they will move to another area," Hale recalls.
For example, a city like McAllen Text saw a 4.4% rise in house sales this year, while house prices are expected to rise about 4% this year, compared to Las Vegas where real estate prices plunged about 9% and the value of homes themselves dropped Where it fell by about 1.1%.
Goals of the Y generation:
Texas Arizona and Nevada are expected to benefit from a large number of young home buyers leaving California. While shoppers leaving northeastern cities of New York, Philadelphia and Boston may look for homes in the Midwest and Southeastern United States, they can afford affordable homes, as well as being close to strong, diverse economies like North Carolina, Florida and C Virginia.
This year most Y-people (born in 1981-1997) will cross their 30s and start thinking about buying their first home. The stereotype about Y-generation as "eternal tenants" is inaccurate since this generation is responsible for over 50% of US mortgages. While the Boomerze and Generation X are comfortable in their places and reluctant to relocate.
This year most Y-people (born in 1981-1997) will cross their 30s and start thinking about buying their first home. The stereotype about Y-generation as "eternal tenants" is inaccurate since this generation is responsible for over 50% of US mortgages. While the Boomerze and Generation X are comfortable in their places and reluctant to relocate.
In summary: Anyone who sells relatively 'simple' homes should feel comfortable. Demand for such assets will continue to grow throughout the year. On the other hand, such a seller should also be willing to sell for a good return on the investment price without holding the long-term asset.
Owners of more prestigious assets with better location and value will have to wait a bit, as rising prices for such assets, probably in light of the US economy's performance, are by no means an imaginary scenario. For the entrepreneurs among us, continuing to invest in exclusive assets can certainly result in high exports, but keep in mind that market trends are increasingly inclined toward solidifying markets - that is, not putting all the eggs in one basket.
Very interesting. Can you post the original article please?
very interesting ??
Thanks ❤️