As predicted by many experts and analysts, the first quarter for the real estate industry was a steady and consistent move in a positive direction.
One never knows the impact of a Presidential race and what a new Commander in Chief will have on the following year, but for now pay attention and grab a hold of these three emerging trends that are rolling on in 2016:
1. Outside The Box … Or in it? Once seen as a fad approximately 18 months ago, the idea of non-traditional housing is really gaining some steam. Ever watch the show, “Tiny House, Big Living” on HGTV?
The concept of micro-housing takes center stage on this program where couples or even small families live in an area that accommodates all of their living quarters in one approximately 220-400 square foot living space. Claustrophobics need not apply …
Anyway, this idea is really gaining in popularity with more and more people hesitant to dive into a mortgage that they may not be able to afford if companies like Goldman Sachs and JP Morgan Chase ever decide to throw away everybody’s money again and cause another major recession or worse.
2. Common Sense Risk Management High level computations and complex data analysis are great, but they too have limitations.
Sometimes, the human touch provides something when assessing risk that computers can’t, which is good intuition based on previous experience and even strong hunches.
Humans really have a unique skill set when looking at trends and attempting to predict tomorrow’s ups and downs because they this intuition lends itself well to anticipating smart investment choices.
3. Second City Mania Why is everybody is talking about smaller cities like Louisville Colorado and Austin, TX? Known as second cities or 18-hour cities, these locations are developing at a rapid pace and the time to get in is now.
More than just Austin, start thinking about Nashville, Portland, and San Antonio among others. The cost of living is lower than in places like New York and Chicago obviously, but there is also plenty to do with an air of hipness that purveys home ownership or rental residents in these areas.
In addition to national real estate trends we are always tracking the Colorado Real Estate Market. As areas like Boulder and Denver continue to explode with high demand and rising prices its hard to know where to invest in real estate right now. We like some of the lesser known and less publicized communities in between that don’t get as much press. To find out which ones we like you’ll need to give us a call!