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Reliable Facts For How Real Estate Will Look in 2025

The residential real estate market is shaping up to be one of the most exciting, dynamic, and unpredictable markets in the world today. It’s Red Hot! And, it’s not going anywhere in the near future.

The way we live, work, and play is constantly changing, and that’s putting a big strain on the housing market. Competition is at an all-time high as homeowners, renters, investors and developers alike compete for the best location, the most luxurious décor, and the biggest return on their investments.

The good news is that the demand for housing is still high, meaning that the market is still very stable and prices are still very affordable. But, that doesn’t mean that there won’t be any major changes in the coming years. In fact, there are quite a few that could impact the housing market in a big way. Let’s take a look at the top 5 real estate trends to watch in the coming years.

Real Estate Markets Are Shifting

It’s no secret that the residential real estate market has been experiencing significant changes throughout the course of the current decade. From the onset of the financial crisis in 2008 to today, many homeowners have refinanced or sold their homes as prices have continued to rise. As of today, homeowners are sitting on a record-setting amount of equity thanks to the booming real estate market.

With mortgage rates at historic lows and home equity being put to good use, more and more people are exploring the possibility of a home purchase. This has led to strong demand and even stronger housing prices.

Smart Home Automation Is Next

We’re living in an automated world. From your car to your house, technology is infiltrating every aspect of our lives. The residential real estate market is not an exception. The adoption of smart home technologies is increasing each year, and it’s expected to continue expanding over the next few years.

In the past few years, we’ve seen the entrance of robotics into the world of real estate. Robots have changed the way we view home maintenance and even real estate sales. No longer are real estate agents solely responsible for showcasing properties. Now, buyers can use the power of virtual tours, automated home lending, and even artificial intelligence to find their perfect home.

Blockchain Is Here To Stay

Bitcoin and other cryptocurrencies have captured the attention of many people around the world. While some view it as a short-term investment opportunity, others believe that it could be the new digital currency that supersedes fiat money.

Real estate is not too far behind. Already, there are efforts afoot to use blockchain technology to bring transparency to the industry. Proponents of this technology argue that it provides a level of security that is not available by using other digital currencies.

As blockchain technology continues to gain traction, expect to see it implemented in more real estate transactions in the near future.

Growth In Rental Real Estate

After years of the stagnant rental housing market, rental real estate is experiencing a growth spurt. According to a report, the rental market is on pace to achieve a 5.8% increase in vacancy rates in 2020, which will likely be met with strong demand.

In order to meet this demand, many landlords are investing in a new rental property construction or rehabbing old properties. These investments allow them to increase rental rates and generate additional income from a rental property.

Demand for rental housing is strong among millennials, who have been the most affected by the high cost of living. According to a report, more than 40% of them are now living with their parents or other relatives due to housing affordability issues.

Robots Are About To Take Over

As the cost of automation continues to fall, it’s becoming more and more accessible to the average homeowner. Currently, automation is most commonly associated with commercial real estate. But, it will soon become as common in the residential sector as well.

When robots move into your neighborhood, it’s going to change the way you view your home. Currently, 70% of homeowners say that they want more automation in their homes.

Thanks to new smartphone applications and voice controls, it’s now easier than ever to integrate automation into everyday life. You can use an app to have your home open and close its garage door when you arrive and leave. You can also use an app to have your lights turn on and off when you get home.

Air BnB/VRBO and Room Sharing Are Here

As more and more people are looking for alternative ways to vacation, travel, and stay in hotels, short-term rental services are thriving. According to a report, there are now more than 5 million property listings on Air BnB worldwide.

With the release of the Nintendo Switch, now is even more of a golden age for gamers. As more people look to incorporate gaming into their social lives, they are turning to Air BnB to make some extra money.

As more consumers turn to room-sharing services, corporations are also seeing room-sharing as an opportunity to bring additional customers through referrals. As consumers start to host larger groups, they are more likely to host those guests at their homes.

Bottom Line

The residential real estate market is one of the most exciting and unpredictable markets in the world. It’s Red Hot! And, it’s not going anywhere in the near future.

The way we live, work, and play is constantly changing, and that’s putting a big strain on the housing market. Competition is at an all-time high as homeowners, renters, investors and developers alike compete for the best location, the most luxurious décor, and the biggest return on their investments.

The good news is that the demand for housing is still high, meaning that the market is still very stable and prices are still very affordable. But, that doesn’t mean that there won’t be any major changes in the coming years. In fact, there are quite a few that could impact the housing market in a big way. Let’s take a look at the top 5 real estate trends to watch in the coming years.

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