0
0
0

Cover story: 2018 real estate predictions

by Blake Boldt

Development

What new development trends are expected to be most prominent next year?

Benach: Townhomes have become the “in” product trend of the last year or so.  We’re also seeing young families, some with school-age kids, buying them, whereas previously that was fairly rare.

Lev: One thing we’ve noticed is that millennials are starting to buy again, which we hadn’t seen as much of lately — not so much those people in their early 20s, but those who are in their late 20s. The problem we continue to see, as mentioned before, is that not enough properties are being built at a price point at which they can afford to buy. There’s a demand for mid-rise condos that isn’t being met. In 2018, we intend to keep an eye out on locations where we can meet the demand for housing in the middle range, from $400,000 to $500,000, so that more people can experience homeownership.

Read More Related to This Post

Join the conversation

New Subscribe

  • This field is for validation purposes and should be left unchanged.