The housing trends are always shifting, making it feel impossible to keep up with the market if you don’t work in the industry. As a homeowner, you don’t need to spend your time scouring through the real estate news and evaluating the way the economy will impact your real estate holdings. Instead, lean on the services of an experienced real estate agent who can guide your decisions when buying or selling a home.
2019 Suburban Shift
So, what should you expect this year in the real estate market? One of the greatest trends predicted for 2019 is in what is known as the “suburban shift.” The largest growing demographic of homebuyers is the millennial generation, and many of these buyers are looking for single-family homes. As a result, the demand is growing outside of major cities.
These homebuyers want easy access to the downtown area so they can work and play. At the same time, they want the quiet, family-focused neighborhoods to raise children and build family memories over the years.
Moving to the suburban neighborhoods makes sense, especially after spending 5 or 10 years living downtown and paying high rents. While the big cities offer excitement and conveniences, it’s hard to imagine settling down with a family in a tiny downtown apartment. A move to the suburbs offers bigger homes, great schools for the kids, and lower real estate prices.
How the Real Estate Markets Will Be Affected
As the millennial generation continues to shift to the suburban areas, it is expected that home prices in these neighborhoods will stay strong. The competition will remain high for single-family homes, and it is anticipated that there will be an ongoing demand for affordable housing.
Of course, there is no way to predict real estate trends with certainty. But high demand is always a factor that keeps prices strong. If you own a suburban home, it’s good news for your investment! You can expect that your home value will stay strong for the foreseeable future.
If you are preparing to buy a suburban home, then it is essential to work with the right real estate team that understands the local industry. The most effective option for leveraging any real estate trend is to ensure that you have a knowledgeable real estate professional to offer the best guidance for your situation.
DUFFY Realty is here to help! We’ve been serving the Atlanta real estate industry for many years and have developed an excellent reputation in the area. We know the best solutions for maximizing your real estate investment based on current housing trends and we’d love to help with your real estate investment. Whether you are preparing to buy or sell a home, we invite you to call us so you can learn about the best strategy for the current industry: (678) 318-1700