Whether you’re interested in buying or selling in today’s market, it’s imperative you understand current industry trends and how they can affect you. According to the Top Ten Issues Affecting Real Estate report distributed by the Counselors of Real Estate (CRE), there are three hot button issues that you should be aware of when it comes to their impact on the housing market.
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The Rise of Remote Work
Unsurprisingly, the health climate of the past year paved the way for a huge increase in work-from-home scenarios. The CRE’s report identifies the added mobility of remote work as a significant influence on the current market, as this newfound flexibility gives homebuyers the opportunity to move to more affordable areas that are less dependent on the location of physical offices. -
Lack of Inventory
The National Association of REALTORS® recently referred to the country’s inventory situation as “dire”; such a shortage greatly reduced buyers’ opportunities to secure affordable homes. However, there is a light at the end of the tunnel — though inventory is still low, experts predict a slow but steady rise through the end of the year, which will expand options for prospective buyers. -
Technology & Innovation
The past year changed the landscape of real estate forever, and technology played a huge role. The use of innovations like virtual tours and digital documentation increased tremendously, adding flexibility and convenience to the buying and selling process. It’s now easier than ever to connect with clients no matter their location, which is why forward-thinking agents continue to utilize these technologies.
Keeping your finger on the pulse of today’s market trends can save you time and money — and our Surterre agents are ready to help you do just that. Get started by visiting SurterreProperties.com today.
Source: Keeping Current Matters
