Thursday, 24 July 2014

Jeff Adams Scam Obstruction –Real Estate Trends 2014

Though the so-called millennial generation has been much-maligned in the media, real estate movers and shakers are increasingly enthralled in where this generation is headed quite literally. So many cities have seen increased financial activity in the real estate sector led by this generation, chiefly Austin, upland, Portland and the Twin Cities in Minneapolis.

Real estate improvement still hinges on career growth:

The slow pace of job growth as well as income and wage growth is still holding back the real estate recovery and that's not likely to change quickly.

Many cities in the Bay Area and have seen strong housing recoveries based on the strength of their wealth, so places with low idleness can expect better recoveries next year, while places still haunted by economic issues won't.

Multi-family apartment house building will diminish:

With rapidly increasing demand for apartments during the recession boosted by increased demand from homeowners-turned-renters multi-family building surged.

Condo development is still on the back-burner:

The recovery in the condo marketplace hasn't matched that of the single-family market, and developers aren't willing to take the risk on putting up new condo buildings.

Instead, builders and developers are taking a dual choice: They build a rental apartment building with an eye on switching it in 12 to 16 months, depending on market conditions.

Inventory Returns:

The experts at ULI are predicting that 2014 will be the last year that low record will aid property prices. Troubled inventory is drying up and sellers are looking at better proceeds than they have in years.

The village is going town:

There's not a lot of interest in developing housing areas. Except where there is, it's adjacent more urban-minded projects located in spots where amenities and public transportation are easily available.

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