Friday, January 24, 2014

Real Estate - 2014 and Beyond – A Short Series of Predictions and Truths - Trends & Summary



It is the time for us to move forward without hesitation OR current events will freeze your ambition and dampen your will to succeed in the real estate industry. Success in the face of adversity and turmoil is not for the meek.

 My 2014 and beyond Trends

Interest rates and inflation will alter housing dynamics over and over again
Sell volume and space not features
A small structure is not better but small land area is – how about a 2,600 sf. home on a 3,000 sq. ft. lot
Housing basics will allow builders to survive in spite of government efforts to control our industry.
Gentrification will be a trend based on urban communitization sponsored by distribution of wealth
Wider split between urban and suburban living
           
My 2014 and Beyond Summary

Real estate bottom line for 2014 and beyond - we have:
pent-up demand,
short supply,
rising home prices,
less available land to build on
more government regulations controlling our industry.
                                    labor shortages
material shortages,
inflation,
wage stagnation,
delayed family formations,
and higher interest rates.

In spite of all the hurdles, we still have to build!

We have always been faced with industry changes and adversity.

The rewards still outweigh the risks.

True or False - In 2014, say good bye to the best time in our life time to buy or sell a home.

 

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