Every year, real estate has plenty of style, affordable price ranges and of course, location, location, location that delivers quality buying, selling and living experiences. Real estate trends are part of what makes the industry so exciting, too. New trends, returning trends and trends that offer valuable windows into what kind of homestead options and values are in store for the coming year are key motivators of design, functionality and overall appeal.
This year’s 2019 real estate trends are no exception. It is from days-gone-by moving forward that some very intriguing directions are being taken. Get ready to set those sights on what’s in store in real estate and architectural trends for 2019.
THE UPS AND DOWNS
Curiosity and forward-thinking go hand-in-hand in real estate market values every year. After 2018’s stronger year and lower mortgage rates, changes are apt to occur.
For the coming 2019 year, times are a-changing. Expect 30-year mortgage rates to inch up toward the 5.8% area where millennial buying impacts could shift comparatively to recent bargain-buying in 2018. That said many millennial buyers are reaching the age of 29 where purchasing powers could substantiate continued first-home acquisitions. Millennials are expected to rank higher on the home-purchasing scale at 45% compared to Baby Boomers at 17%, a healthy 28% difference. Gen Xer’s are noted at an 8% difference of 37%.
A HEALTHIER FLOOR PLAN
Environmentally friendly accolades are being given to this year’s healthier design and building attitudes. This new trend is called wellness architecture. The true beauty in this new trend is the concern and execution of creating a healthier environment for homes, inhabitants and Mother Earth’s sustainability.
Imagine ultra-updated rooms designed for higher techno-functionality and convenience. Fresher accommodations with warm attitude include even greener, user-friendly components and more healthful planning for families and eco-systems. How about a solar-powered Supertree in your backyard? These trees are incredible home bases for thousands of plants and cleaner air.
Overall, expect housing investments to decline over the coming year due to newer and competitive technologies that are designed to change the ways real estate competes. Higher rates and decreasing inventories also score higher. However, as time passes down the road a bit, these factors taunt a reverse response factor by increasing inventory and demand.