Home Buyers’ Biggest Mistakes and Other Traps to Avoid
Have a comment on this article? Share on Facebook!
By Kathleen Lynn
Q: Housing construction seems to be picking up again after years of very low levels. What trends do you see in home construction for the next couple of years?
A: I think we’ve seen a much savvier consumer. When anything will sell, anything will be built. And that’s what we ran into, up till the housing bust. Now we’re seeing consumers who are asking for something different. If you look at Millennials, they’re not asking for their parents’ homes. They don’t want to live the way they grew up. That’s natural; most generations react against where they’ve come from. They have college debt. They want their house to be efficient. They want a home that makes sense and is livable and has proximity to the things you do in a day.
There is also a shift toward more urban and dense areas, especially in places where the formula already exists. You’re in an area where there’s precedent for that, and people like living like that.
©2013 The Record (Hackensack, N.J.)
Distributed by MCT Information Services
Continue Reading 1 2 3 4 5
Want instant access to great articles like this for your blog or newsletter? Check out our 30-day FREE trial of REsource
Licensed Real Estate Content Solutions. Need easy stay-in-touch e-Marketing solutions too? Try Pop-a-Note for 99 cents!
Join RISMedia on Twitter
to connect with us and share your thoughts on this and other topics.
Copyright© 2014 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.
Content on this website is copyrighted and may not be redistributed without express written permission from RISMedia. Access to RISMedia archives and thousands of articles like this, as well as consumer real estate videos, are available through RISMedia's REsource Licensed Content Solutions. Offering the industry’s most comprehensive and affordable content packages. Click here to learn more! http://resource.rismedia.com