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Real Estate Trends To Watch In 2019

Written by Posted On Thursday, 20 December 2018 19:56

The new year is just around the corner, and many in the real estate industry are still scrambling to cap off their 2018 with a profitable bang. Despite the rush to finish the year as quickly as possible, however, it’s worth lingering in the past for just a few days more so we can know what trends will be dominate in the forthcoming year when it comes to the real estate industry.

Here are some real estate trends to watch for in 2019, and how the industry is going to get upended by a number of impressive new technologies and strategies.

The rise of the smart-home

Major corporations like Amazon and some savvy IT professionals have been going on and on about the rise of the smart-home for years now, but it looks like 2019 may finally be the year in which a broad majority of American households become fundamentally interlinked with one another. A plethora of digital gadgets ranging from AI home assistants to smart thermometers is upending the way people inhabit their homes.

The ceaseless expansion of the internet of things has guaranteed that most of our homes are now plugged into the grid in some fashion or another; it’s now even possible to have a smart-thermometer that’s capable of sending real-time fever updates to worried parents who are forced to leave the house when their children are ill. Across the real estate industry, savvy professionals looking to bolster their profit margins will be making note of the interconnected nature of some homes when trying to push them on new couples.

The rise of the smart-home isn’t the only major real estate trend that’s set to continue in 2019, however. Changes in the financial world and broader global economy are shaking up the way that many Americans purchase their homes for the first time, and a number of recent developments have some worried we could be facing a serious slowdown. With the federal reserve choosing to raise interest rates, for instance, many aspiring real estate professionals are worried about the near-future.

Uncertainty seldom last long in the market, however, as all panics and booms inevitably fade away with time. Many real estate investors are thus trying to turn their attention away from the federal reserve and are mostly paying attention to the changing nature of homebuyers and what affordable, desirable housing mean in the 21st century.  

Homes are getting greener

Across the United States, a slow but steady trend has been taking hold over the past few years, and it’s likely to surge to the top of the market as 2019 unfolds. The rise of the smart-home has been accompanied by the fact that homes across the country and globe are getting greener, with renewable technology helping real estate agents sell houses, with the help of Toronto SEO, that produce fewer emissions or even produce their own energy from solar panels.

Solar panel singles are getting incredibly cheaper, for instance, with homebuyers around the world requesting green means of producing their own energy rather than making themselves beholden to a traditional power company. With the price of these solar shingles going down by the day, it’s only natural that the sun roof housing market is set to expand in the near-future. As the worrying effects of climate change continue to snatch news headlines around the world, more and more consumers will be switching to a green mindset and asking themselves how their homes can contribute to a healthier future.

Homes that are 100% eco-friendly may still yet be on the horizon, but it’s indisputable that one of the largest changes to the real estate industry in the recent years has been a growing consciousness about the environmental impact of our housing developments. Both increased government regulation and public scrutiny about wasteful excess and harmful energy policies have encouraged homeowners and real estate professionals alike to make the pivot towards the green home. While Europe remains a powerful market option for real estate investors interested in eco-friendly homes, we’ll soon see this trend take hold in the United States during 2019.

Not everything is rosy on the horizon, however; despite the rise of eco-friendly homebuilding technologies, the construction sector is facing a crunch of its own. Unable to find enough workers to build as many houses as they need, some construction companies have been feeling the heat in recent months and warn that 2019 could see the availability of home-building labor shrink even further.

Coupled with a gloomy outlook from the Fed, this has led many in the real estate industry to consider 2019 to be perilous as far as their fortunes are concerned. Despite the headwinds facing some aspects of the real estate industry, however, Americans are still eager to buy eco-friendly homes and are confident that their economy will continue roaring for the foreseeable future. 

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