Winter Home Buying Season is here and January 2015 is just around the corner! Have you begun creating your business plan for the New Year?
In initiating your plan, you should survey the upcoming trends in the real estate market. What are the achievable goals and who should you target in the upcoming year? According to the Emerging Trends in Real Estate 2015, the millennials are the group that will be making the most impact in the coming year. “One camp is convinced that the millennials will revert to the mean and want private offices and will move to the suburbs to raise families. The other side feels like they will continue with the same behavior they have exhibited.” (PWC & ULI) There will also be an increase in foreign buyers investing in properties in major cities; New York outer boroughs being a few. You should also see an increase in the technological firms that will be partnering with major real estate companies and agents who are seeking to make an even greater presence in their market. According to Emerging Trends, these technological firms are being used to upgrade websites and create new apps for the millions glued to their IPhones and Androids.
However, we decided to go to the source, our Realty Executives Agents and see what they have witnessed in their market. Read more below!
What can you tell us about this Winter home buying season and the future in your Real estate market area?
“Winter buying in my area has been pretty busy. This time last year we had bad weather which kept a lot of people home but I have a lot of activity on my listings and buyers are out in packs. First quarter of 2015 will be really good due in part to low interest rates.”- Femi Adebanjo, Realty Executives 1st.
Realty Executives NY
Emerging Trends in Real Estate: http://uli.org/wp-content/uploads/ULI-Documents/Emerging-Trends-in-Real-Estate-2015.pdf
Realty Executives NY Franchise Booklet: http://issuu.com/realtyexecutivesint/docs/franchisesalesbrochure/1?e=3563440/5522829
Contributing Realty Executives Agents:
Femi Adebanjo, Associate Broker, SRES,SFR,RSSP, Realty Executives 1st: 917-337-3727; http://www.femiadebanjo.com