There has been quite a lot of ups and downs in the US real estate industry in the year 2018. On the one hand, home prices increased, and the sector witnessed the labor shortage. While on the other side, technological adoption in the industry increased which was a positive sign. A lot of predictions have already been made on how the real estate industry will behave like in 2019, raising concerns for many.
The year 2019 is going to be the ideal year for millennials to invest in real estate. Most of the millennials will turn 29, and it is likely the age when people buy their first home. However, the overall buying capacity is likely to fall and also the mortgage rate is estimated to increase further. In comparison to individual investors, institutional investors are likely to have more buying capacity as they are well-funded. Moreover, technological disruption is going to continue with an increase in the use of artificial intelligence in the industry.
To help people know more about such real estate industry trends and get a detailed overview of statistics, eSalesData has created the following infographic on the US real estate industry.
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Co-founder and Vice President of SearchRank, responsible for many of the day to day operations of the company. She is also founder of The Arizona Builders’ Zone, a construction / home improvement portal.
