Trends dictate the pace, it can slow things down or burst it forward. It can build something spectacular and at the same time, it can crash an institution within seconds. Trends can work for anyone or can be anyone's worst nightmare.
The realty industry is also a big trend user. It predicts and calculates an outcome of a certain market. It crashed and built the industry since time immemorial. In fact, all businesses are dependent on trend, realty included.
That being said below is the top trends in the real estate business today, according to online realty magazine Realtormag.
Generation X Has The Buying Power.
According to the numbers, between July 2011 and June 2012, ages 33 to 47 have got the lion's share with regards to home buyers, 31%. Those who are younger or often called Generation Y (32 and younger) comes second at 28%. Followed by the younger ones at 18% and lastly by the older generation at 14%.
Mobile Search Applications.
Mobile devices become handier and handier by the years. It goes beyond the capabilities of just calling someone remotely. Consumers now are massively using their mobile phones to look for properties. The numbers of users soar from 2011 up to date, which only means that potential home owners are very comfortable nowadays to look for homes for sale from the comforts of their own palms.
Paperless Business.
Actually, this should be on top of the list, it not only decreases the trail of the transaction but helps the environment as well. According to an expert real estate executive, paperless business frees up the system, and enables the agents to spend more time with their customers. He also added that storage is not an issue, unlike the traditional process, since there are secured facilities that can cater to it.
Recovery.
The real estate business has faced, previously, a very difficult situation that made homeowners to hold off their properties longer than expected, creating a somewhat shortage of listings. But the end has come and the business is slowly emerging from the slumber. With this trend, there are more and more available properties listed today.
Drone.
Drone is the next best thing and it is also doing wonders for the business. Bird's eye perspective is always a treat to look at and seeing a property in that point of view is definitely a treat. Drone has so far exceeded the expectation of the realty business and it greatly helped them to present their offer on a more fashionable and new way.
Although not included on the list, but a special mention is micro-apartments. CNN said people today are starting to invest on smaller but very comfortable small spaces, called micro-apartments. The less than 200 square feet property is growing bit at San Francisco, New York, Seattle, Boston, Providence, R.I., and Portland. The report also confirmed that the property is not only popular for the just-out-of-the-college grads but the young Generation X as well that approximately earns less than $35,000 a year.
