Three Real Estate Trends for 2014 and Beyond

This past June at the 48th Annual Conference of National Real Estate Editors (NAREE), property managers and realtors addressed signs of a recovery in the housing market.  An immediate sign was the record turnout for the conference!

But other signs were also noted.  Market research company, MetroStudy, estimates that new home starts will increase by 18% this year.  And three positive trends emerged that are likely to be felt in the market for some time to come:

Energy Efficiency

Energy efficiency is more important than ever to buyers.  Everything from attic insulation to Energy Star-rated appliances are adding value and raising prices. Saving money through more efficient energy use is a trend that has finally arrived.

Economic Recovery=Better Lifestyles

The slow, but steady economic recovery is beginning to fuel a desire for the good life.  Co-op and Condos are focusing more on lifestyle amenities like jogging trails, sports facilities, and playgrounds.  But buyers are also looking for better security, entertainment facilities, and easier transportation options.

Online Space

The final trend is one that has been felt in all areas of life: the online space.  Research for many buying decisions is now performed online.  Blogs, social media posts, and online reviews are all connecting buyers and sellers like never before.  And at Pride Property Management, we have kept pace with this trend.

Our recent website re-design has provided clients with online access to documents as well as the ability to pay their bills electronically.  The design is “responsive” which allows mobile users an easy interface to engage our great content.  Even this blog and our social media posts have all increased outreach to clients and prospects.

We will keep watching as the market continues to evolve, so check this blog for regular updates.

Comments are closed.

New york, NY
Englewood Cliffs, NJ