The culmination of the business year brings about inventories and financial summaries that chronicle both successes and failures. Citations are made for the most profitable industries, and those that boomed despite slow economic growth. Among the successful business sectors are financial services and real property investments involving construction.
 |
| Image Source: roundtablerealty.com |
Considering a positive trend in these industries, wise investors are sure to hit maximum gain by extending projects to the busy seasons of the following year. Recapping 2014’s notable developments, investment experts relay the following forecasts for the real estate industry next year:
 |
| Image Source: webuyhousessacramentoca.com |
• The comeback of the “smile philosophy,” that is, real estate projects move through a literal smile geographically, with investments initiating in the northeast regions, down to south, then back up toward the northwestern part of the country;
• With high-end apartment buildings becoming more problematic, single-family markets still lead the market in terms of condominium development. Multi-dwelling units are projected to decrease in demand;
• With home prices geared toward pleasing the seller than the buyer, lending standards will loosen up, allowing more shadow banking to emerge;
• Second-tier cities are set to lead the market recovery next year. With bay area, 24-hour cities becoming swamped, more deals can be made in traditionally 9-to-5 cities. Urbanization in these cities will transform housing, dining, and walk-to-work offices creating consistent economic growth;
• Watch out for millennials. These young generation will move the market but not as homeowners, as they postpone purchasing a home until later in life, but as renters. Looking into how this generation perceives housing poses a huge challenge, but millennials are a great source of potential business activity as well;
 |
| Image Source: mobilecause.com |
• Telecommuting and online shopping are also shaping the future of real estate property investments. With more home-based work and more options in retail shopping, more commercial spaces are left empty. The conversion of malls and traditional offices for mixed-use is seen to be profitable.
Scouring the market for the most profitable sector is an arduous task necessitating extensive research. Getting a hint from industry experts would be a great exercise in ensuring continuous success in real estate investment.
The president of a RE/MAX Preferred office in St. Pete Beach, Florida, Melissa Yardy is the go-to person of individuals and families who wish to make a successful investment in the real estate. Learn more how she can help you land a good deal here.
No comments:
Post a Comment