With real estate selling trends changing from year to year, don’t risk getting left behind. Staying up-to-date on upcoming trends for 2020 can give you an advantage for your home sales and leave your competition in the dust. Keep the following real estate trends in mind for the new year.
Leave Recession Worries Behind
You might have heard fears about an upcoming recession and how it could devastate the real estate industry. The good news is that industry experts aren’t seeing any signs that you should worry. In fact, the housing sector is still going strong. If anything, there might end up being a small dip in home sales or a plateau in home ownership levels, but these aren’t expected to have a major negative impact on real estate sales in 2020.
Set Your Sights on Suburbia
The suburbs are expected to be in high demand in the new year, especially among millennials with kids. With rising costs in urban areas that aren’t as affordable for more and more people, buyers are flocking to suburban communities that offer great schools and plenty of recreational and retail options. These areas are also becoming more diverse and walkable, giving younger buyers more incentive to look for a suburban home.
Go for the Golden Years Market
More and more seniors will be exploring their options for senior housing during retirement. The high numbers of this age group mean that there will be steady demand for senior housing options in the next several years. This includes options ranging from upscale city apartments to suburban homes for active seniors.
Get a head start on putting 2020 trends to use for your real estate selling. Contact Properties Online today to find out how we can help.