eSalesData’s infographic on the top US real estate industry trends and predictions for 2019 is an eye-opener for the industry folks. For the industry, 2018 was all about ups and downs. From challenges like increasing home prices, labor shortage to positive signs like technological innovation, a lot happened last year. However, as we are in 2019, a lot of expectations and questions are already making rounds in people’s mind on what this year will be like.
That is why eSalesData is here with an infographic representation of the latest industry trends and possibilities that market leaders need to know.
The US real estate industry is undergoing a noticeable transformation since the last few years. This is likely to continue even in 2019. A majority of millennials are going to be of 29 and are likely to lead the home buying percentage. Further, the mortgage rate, as well as the rent cost, is expected to rise. However, the buying capacity of buyers will fall, raising concern for the property owners.