Close Menu
  • Appliances
  • D.I.Y
  • Decor
  • Handyman Services
  • Home Improvement
  • Real Estate
  • Roofing

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Questions to Ask Your Boise Concrete Fence Contractor Before Signing a Contract

May 3, 2025

Smart Home Buying in Nolan Hill: Unlocking Affordable Modern Living Without Compromise

April 27, 2025

Small Exterior Changes That Make a Huge Curb Appeal Difference

April 26, 2025
Facebook X (Twitter) Instagram
  • Home
  • Blog
  • Privacy Policy
  • Get In Touch
  • Our Authors
Facebook X (Twitter) Instagram Pinterest Vimeo
Home ZainaHome Zaina
  • Appliances
  • D.I.Y
  • Decor
  • Handyman Services
  • Home Improvement
  • Real Estate
  • Roofing
Home ZainaHome Zaina
Home»Real Estate»The Future of Real Estate – Some Predictions
Real Estate

The Future of Real Estate – Some Predictions

homezainaBy homezainaDecember 29, 202104 Mins Read0 Views
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Reddit Email
The Future of Real Estate – Some Predictions
Share
Facebook Twitter LinkedIn Pinterest Email

Sometimes, we can identify trends within the real estate market and extrapolate them forwards, allowing us to make fairly reliable predictions about the future of the industry. But other times, unexpected events come along that nobody could have predicted. The Covid-19 pandemic was of course one such event. Many lost their jobs, many more were locked down in their homes, and the idea of moving seemed unpalatable at the very least – and downright impossible at worst. Accordingly, 2020 will forever be remembered as an annus horribilis for the property market, just as it was for so many other industries (except perhaps for grocery stores and home entertainment streaming companies). 

Now things are beginning to get back to something like normalcy, the property market has thankfully picked up again. CityHome Collective, a real estate brokerage out of Salt Lake City, Utah, cautiously predict that, further lockdowns notwithstanding, another total freeze of the property market is unlikely. Although it goes through its bad patches, the real estate industry supplies a product in near constant demand, and house prices have thankfully remained stably growing throughout the months following the very height of the pandemic. 

Near Future Predictions

So how can we make predictions about the future of the property market. Well, that is something that perhaps takes a level of expertise not open to the average homeowner. Nevertheless, many of the predictions listed below might feel intuitively correct if you have ever had experience navigating the dynamic property world. But of course, as the Covid-19 pandemic demonstrated, we cannot take any of them for granted. 

Less Desperation for Residential Real Estate

Residential real estate actually took something of a boost following the pandemic as people scrambled for a place to securely ride it out (having a tenuous living situation is no fun during a pandemic). That urgency can be expected to come down a bit now. Of course, high-demand properties in cities as well as luxury homes are expected to remain as strong as they have ever been.

Stricter Homebuying Requirements 

The affordable housing crisis has been going on for a while now and seems to be showing no signs of letting up. Lower income housing, and even rented properties, are likely to erect more and more barriers against potential tenants and buyers. Things like higher credit score ratings, higher deposits and income requirements will become more widespread and more onerous. At the higher end of the property scale though, this change is likely not to be felt at all. 

The Market Will Appreciate

It is as simple as that. And it looks like good news for home sellers across the board. The reason that the market is likely to appreciate is actually in a large part to do with Covid, but it is also related to the housing shortage that is facing the country at the moment. Not only are homes in higher demand, but they have also become more essential as remote working has surged following the pandemic and homes therefore exhibit a higher utility. A third reason the market is likely to appreciate is demographic. Millennials are America’s largest generation, and they are currently in their peak home-buying years. 

Increased Use of Technology Will Drive Up Value

In many ways, the real estate industry almost seems made for the application of high technology solutions such as VR headsets (for virtual tours) and AI (for automated viewing estate agents) and so forth. The use of such technology can only be expected to increase. 

Whatever happens, what we know for sure is that we cannot take anything for granted. Covid-19 showed us the foolishness of that approach.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
homezaina
  • Website

Related Posts

Smart Home Buying in Nolan Hill: Unlocking Affordable Modern Living Without Compromise

April 27, 2025

Small Exterior Changes That Make a Huge Curb Appeal Difference

April 26, 2025

Commercial Medical Real Estate a Real Need in Central Florida

April 18, 2025
Add A Comment
Leave A Reply Cancel Reply

Don't Miss

Questions to Ask Your Boise Concrete Fence Contractor Before Signing a Contract

By homezainaMay 3, 2025

Fencing your property is more than just about ensuring security. It is also about enhancing…

Smart Home Buying in Nolan Hill: Unlocking Affordable Modern Living Without Compromise

April 27, 2025

Small Exterior Changes That Make a Huge Curb Appeal Difference

April 26, 2025

Commercial Medical Real Estate a Real Need in Central Florida

April 18, 2025
Follow Us On Facebook
Home Zaina
Categories
  • Appliances (19)
  • D.I.Y (2)
  • Decor (21)
  • Flooring (2)
  • Furniture (5)
  • Gardening (4)
  • Handyman Services (20)
    • Cleaning Services (8)
    • Plumbing (9)
  • Home Improvement (64)
  • Kitchen (1)
  • Landscaping (1)
  • Locksmith (1)
  • Moving Services (13)
  • Pest Control (2)
  • Real Estate (25)
  • Roofing (9)
Archives
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • April 2024
  • January 2024
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
Top Posts

5 Unique Features of The Best and Modern Home-Buying Company

April 20, 202344 Views

What Do Professional Window Cleaners Use to Clean Windows?

July 28, 202217 Views

How Much Pressure can Steel Toe Safety Boots Withstand?

July 8, 202210 Views

Getting Your Dyson Airblade Hand Dryer Repaired: Here’s What You Need To Know

July 22, 20239 Views
About Us
About Us

Your source for the lifestyle news. This demo is crafted specifically to exhibit the use of the theme as a lifestyle site. Visit our main page for more demos.

We're accepting new partnerships right now.

Email Us: info@example.com
Contact: +1-320-0123-451

Our Picks

Questions to Ask Your Boise Concrete Fence Contractor Before Signing a Contract

May 3, 2025

Smart Home Buying in Nolan Hill: Unlocking Affordable Modern Living Without Compromise

April 27, 2025

Small Exterior Changes That Make a Huge Curb Appeal Difference

April 26, 2025
Most Popular

5 Unique Features of The Best and Modern Home-Buying Company

April 20, 202344 Views

What Do Professional Window Cleaners Use to Clean Windows?

July 28, 202217 Views

How Much Pressure can Steel Toe Safety Boots Withstand?

July 8, 202210 Views
Facebook X (Twitter) Instagram Pinterest Dribbble
  • Home
  • Blog
  • Privacy Policy
  • Get In Touch
  • Our Authors
© 2025 ThemeSphere. Designed by ThemeSphere.

Type above and press Enter to search. Press Esc to cancel.