7 emerging real estate trends in the new normal (affected Matterport Pros)12292
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 WGAN ForumFounder & WGAN-TV Podcast Host Atlanta, Georgia |
DanSmigrod private msg quote post Address this user | |
| Inman (17 June 2020) 7 emerging real estate trends in the new normal Hi All, Matterport Service Providers will benefit from "7 emerging real estate trends in the new normal" identified in this Inman article (above). 24/7 Open House Virtual Tours will help facilitate these residential real estate trends. The Inman article has a lot of discussion on this topic (and likely drew from The Wall Street Journal article - Remote Work Could Spark Housing Boom - published on 1 June 2020. 1. Recognizing pricing trends using ‘high intent’ metrics 2. Resuburbanization 3. Migration from apartments to single-family residences 4. A tsunami of rightsizing 5. Mortgage interest rates at 2.5 percent? 6. Office consolidation 7. ‘Cash flow is the oxygen of business’ I encourage you to read the entire Inman article. What are your thoughts? Best, Dan --- Free 90 day trial of Inman with this WGAN Affiliate Code |
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| I've spoken to some folks from the New York area who said there was a lot of movement out of the city going on. I imagine this might have some demographic tie as some groups (millennials?) won't give up city living when their morbidity rates aren't significant. A lot of other inner city factors at work right now too. I'd think there may be a financial impact felt unevenly across income groups with lower income folks hit hardest (fewer first homes). While at the same time REITs may go through the roof in acquisition mode on lower cost housing should availability increase pretty much anywhere (in the cities). Though pretty much anything under 200K is gone in a flash anyway. With remote work came an easy to see ROI for business. The pain is taking the first steps. Structure, tech, policy changes. But since Covid forced it the time and money have been spent. Remote was coming regardless. But I think it got a 2 to 3 year advance from Covid. Long term? It takes a while for Americans to forget (but they do). I've also found remote work is wonderful...... for a while. After a year or so some age groups, and personality types, miss being together in a workplace and start seeking it out again. We'll see what happens in that regard. Be interesting to see what new structure emerges as a blend of some kind. Don't know about the "tsunami of rightsizing" part. Rightsizing is usually downsizing. Right now prices aren't up most places. Downsizers tend to hold for a return if they can tolerate the carrying costs of the wait. Boomers are around in large numbers and will continue to downsize. But fewer are. More than any other generation (I think) they are choosing to age in place and in many cases have become multi-generational households with adult kids. I haven't read the Inman article but will check it out. |
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