{"id":4073,"date":"2016-11-24T11:11:36","date_gmt":"2016-11-24T19:11:36","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=4073"},"modified":"2016-11-22T18:00:18","modified_gmt":"2016-11-23T02:00:18","slug":"trends-to-watch-in-real-estate-in-2017","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2016\/11\/trends-to-watch-in-real-estate-in-2017\/","title":{"rendered":"Trends to Watch in Real Estate in 2017"},"content":{"rendered":"<p style=\"text-align: justify;\">The biggest trends of 2016 were the low interest rates, reduced inventories and a surge of millennials bursting onto the housing market. But what can we expect to see in real estate in 2017? Here\u2019s a few of the major themes likely to impact the industry over the next 12 months.<\/p>\n<p style=\"text-align: justify;\"><strong>The rise of the &#8220;surban&#8221; home :<\/strong><\/p>\n<p style=\"text-align: justify;\">It\u2019s often been said the suburbs are losing popularity, but that\u2019s simply not true according to an article in Market Watch. It cites John Burns Consulting as saying almost 80 percent of residential growth will take place in suburban communities in the next decade. However, suburbs are more and more beginning to incorporate urban amenities like pedestrian-friendly shopping areas, general walkability, and entertainment options. This new type of suburbia also has a new name: Surban.<\/p>\n<p style=\"text-align: justify;\">\u201cThese developments are more than simply mixed-use,\u201d says Danielle Leach, a senior consultant at John Burns Real Estate Consulting in Chicago. \u201cSurban living is becoming a new way of life for many: where the blend of urban and suburban living provides the best of both worlds.\u201d<\/p>\n<p style=\"text-align: justify;\"><strong>The Move-Up home :<\/strong><\/p>\n<p style=\"text-align: justify;\">Some millennials are avoiding the so-called \u2018starter\u2019 home and instead going directly to the \u2018move-up\u2019 home. Jessica Lautz, managing director for research at NAR, told Market Watch that many millennial buyers have put themselves in a good position in terms of savings, and want something more than a condo or a starter home. You\u2019ll want to make sure you\u2019re pointing your millennial clients in this direction when helping them with their home search.<\/p>\n<p style=\"text-align: justify;\"><strong>The rise of Generation Z :<\/strong><\/p>\n<p style=\"text-align: justify;\">The first wave of Generation Z\u2019ers will only turn 18 in 2017, but that doesn\u2019t mean real estate agents shouldn\u2019t be focused on them already. Indeed, Gen Z grew up in a very different time than the millennial generation, and experts say they overwhelmingly aspire to be homeowners.<\/p>\n<p style=\"text-align: justify;\">At a recent panel at the 2016 Realtors Conference &amp; Expo in Orlando, a group of Gen Z kids revealed that they want to be reached via technology platforms that were on their level like Snapchat, and not Facebook, which they say is for \u201cold people.\u201d They also ranked green features and location as things they find important. Working with a real estate pro is also important to them. In fact,a\u00a0 whopping 81 percent of Gen Z said they want to work with an agent when buying a home.<\/p>\n<p><a href=\"http:\/\/realtybiznews.com\/3-trends-to-watch-in-real-estate-in-2017\/98736049\/\" target=\"_blank\">Trends to Watch in Real Estate in 2017<\/a> by Mike Wheatley | Realty Biz News<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The biggest trends of 2016 were the low interest rates, reduced inventories and a surge of millennials bursting onto the housing market. But what can we expect to see in &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2016\/11\/trends-to-watch-in-real-estate-in-2017\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-4073","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trends to Watch in Real Estate in 2017 &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2016\/11\/trends-to-watch-in-real-estate-in-2017\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Trends to Watch in Real Estate in 2017 &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"The biggest trends of 2016 were the low interest rates, reduced inventories and a surge of millennials bursting onto the housing market. 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