Worried about the stock market? Wondering how much rising oil prices will hurt the economy? Concerned about the ongoing pandemic pulling us down?
While those fears are legitimate, there’s one industry that’s on the up and up right now – real estate.
A lot of people are saying the money from this real estate rise has already been made… but there are 3 hidden gems that have yet to be picked up…
I’m talking about 3 emerging real estate trends that are benefiting massively from the current surge, and YOU need to jump on them to start profiting from property.
1. The New Suburbs
Millennials certainly make up a different generation that prides itself on not being normal, but some things never change. For instance, they still want to own homes, they still want families (despite holding off on kids for longer), and they still want good schools for their children.
But while suburbs are still destination for many, they won’t necessarily be the suburbs we’ve known. Millennials still want to be connected to with urban life, so be prepared for growing transit-oriented suburban development that allows this generation to easily get from suburban home to city hub.
2. 18-Hour Cities
For years and years, 24-hour cities have been the big man on campus. Now it looks like the “Second-tier” 18-hour cities are ready for their turn.
So while New York, Los Angeles, etc. will still be vibrant and alive, cities like Austin and Portland are quickly on the rise. The combination of lower cost of living with emerging opportunities in these areas is creating a whole new trend in real estate and otherwise.
3. The New Way to do Rentals
Renting is actually becoming easier than ever, and it’s being done in brand new ways. Take Airbnb for instance. Airbnb is a website designed for people to temporarily rent out their homes to those looking for lodging.
And it’s actually grown to the point where people are picking up property with the sole intention of renting it out on Airbnb. So while this trend continues to grow, it’s time to ask questions like, “Will an Airbnb house in my neighborhood bring down the value of my own house?”
Winning in real estate is about spotting the trends and knowing where they’re going to lead…
