With the economy in turmoil and the housing market still in crisis, are you waiting for the economy to rebound or preparing to deal with a changing market? Both the housing and real estate industries are expected to see significant changes in the coming decade, and those who aren’t mired in the old ways of conducting business, but who are flexible and willing to change will prosper.
Most experts are predicting housing to experience changes in size, the manner of construction, and community design. Expected increases in energy costs will cause consumers to consider smaller, more efficient designs and to demand energy efficient construction; and rising fuel costs will dramatically slow suburban expansion.
As the industrial output of the U.S. continues to change, some cities will experience dramatic growth, while others will become little more than shells of their past glory, with government sponsored housing and multi-family rental units being the prime housing. New communities will blossom around sustainable energy and high tech industries that will grow to meet the needs of a changing society.
Builders and Realtors® willing to meet the changing demands of this new market, who are knowledgeable and prepared, will guide consumers in making sensible choices, while their counterparts are struggling to understand what has happened. Those who wait for the return of business as usual will be left by the wayside, watching as the competition blazes a trail into the next millennium.
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