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For the first time, the Counselors of Real Estate provided a comprehensive dissection of the top 10 most important short and long-term issues to look for regarding the future of real estate in the United States. Among the most important trends to consider (macroeconomic health and climbing interest rates) we will examine the current trends to prepare real estate owners for 2019.
The real estate market is daunting, especially since the housing bubble burst less than 15 years ago. While the pain felt through the economy made its way through the country, some indicators are showing that the market might be in for a change. The popular company Trulia, which monitors local real estate information to give a touch of community to their customers, conducted a survey to over 2,000 American adults to gain an understanding of just how the housing market might be bouncing back this year. Unsurprisingly, and not alone, Trulia’s competitor Zillow, echoes many of the same predictions for current homeowners. They predict that the ongoing issue with not enough houses on the market and too many buyers interested in locking on a low price lead to a drive in the market.
