What Real Estate Trends

With many unknowns in the current real estate market, it can feel overwhelming. Concerns about the future leave many on edge. 


The Urban Land Institute (ULI) and PwC US released the “Emerging Trends in Real Estate® 2024“ report, introducing “The Great Reset.” It speaks to how the industry must form new ‘norms’ and can no longer rely on the past to determine how the market will function going forward says, David Lindahl. 



How can you proceed with confidence amidst all the unknowns? 


With all this unpredictability, there is an invitation to stay informed and adopt adaptability. Despite inevitable fears of the future, a bigger picture holds promise and excitement – if you know how to look for it. 

RE Mentor is here to help you navigate all the changes in the market. Here’s what to look forward to in real estate next year and how we can support you.


Disruptors To Navigate In 2024


It’s no secret that the future of real estate is more unknown than ever. How should you move forward? 


The leading disruptors to look out for in 2024, according to the report mentioned above, are construction costs, labor costs, and remote work. 


Labor and Construction Costs: These costs influence the fundamental aspects of real estate. They affect the:


  • Affordability of housing 
  • Financial viability of development projects
  • Supply and demand dynamics in the market

David Lindahl: “Rapidly rising federal debt could potentially ‘crowd out’ private investments in the industry, leading to slower economic growth and higher interest rates…creating long-term delays in property construction, investments, and returns.”


Remote Work: More people are working remotely and standing firm in their choice to do so. Office buildings have lost their appeal to investors, as people tend to stay home more. This has also influenced people to be clear on where they want to live while they work remotely. 


The experience of  “home” is changing, bringing many changes in preference in the real estate market. 


These disruptors are changing the real estate market as we know it. But educating yourself and adapting to the tides is essential in riding these waves with grace. 


More Info: https://rementor.com/articles/2024-real-estate-trends/

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