As compared to other markets, the Port Orange real estate market is one that constantly remains in demand as an investment and as an indispensable component to life’s necessities. Though it is steadily in demand, it is affected by market trends and developments, much like any other market.
So far, 2017 is producing some notable trends that are catching the eyes and ears of homebuyers. To stay abreast of all of them, you can ask a credible real estate agent, or better yet, an exclusive buyer’s agent, to illuminate.
As millennials gain more and more purchasing power, real estate companies look forward to the home sales bump they will provide this year, if not a rise in the rental market as well. The emergence of this particular demographic proves to be a significant catalyst for some changes in the real estate market as a whole.
With millennials in the picture, demand, of course, increases. Lenders are busier as these newcomers to the market seek to establish and build on their credit records. Many, who are just starting professional careers, perhaps in startups, wish to minimize their commutes and refine their living niche. They need homes that afford convenience.
Real estate developers and agents are wise to closely observe and get to know millennials’ consumer behaviors, especially when it comes to Port Orange real estate. The information the millennial market may provide can prove pivotal in shaping the real estate market this year.
Medium-Sized Cities are In
City living remains to be noticeably more expensive compared to a lot of suburbs and less developed communities. For younger earners, however, living too far away from work and the city’s numerous amenities is hardly an option. The compromise: a nice, medium-sized city that offers a healthy amount of career opportunities, much like in the big cities but not quite as plentiful. These new kids on the block want a robust housing selection that offers accessibility and affordability.
This trend can be associated with not only young professionals, but also young starter families. The convenience these locations afford provides a critical balance that many among the young homeowner demographic seek.
New Homes on the Rise
Those who are looking to invest in a new home may just be able to find the right one this year. Reportedly, more new houses are being built as builders feel more confident about new projects and this new infusion to the real estate market, not to mention an improvement in wages as this new demographic establishes itself professionally.
Those who would like to make the most out of the opportunity should therefore seek the help of an exclusive buyer’s agent, such as those from The Buyer’s Agent of East Florida.
You can find more articles pertaining to the Port Orange real estate market in the “Port Orange Real Estate” section of articles just below Daytona Beach Real Estate Categories in the column to your right.
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