Here's a round up of our favorite real estate links from this week. Learn more about how millennials are influencing the real estate market, why renting is exceeding home purchases, and real estate trends for 2018.
As the largest living generation in the U.S., millennials play a major role in shaping multifamily real estate trends. From apartment design and amenities selected, to the size of the units and the technology incorporated within them, this generation, which is anticipated to reach 70 million by 2024, is certain to influence the housing stock across the country
Remember all those people who defaulted on their homes during the last housing crisis? Well, those bankruptcies are about to be discharged, or they already have been, and that means we could soon see an avalanche of homebuyers hitting the market.
Single-family rentals - either detached homes or town homes - are developing faster than any portion of the housing market. These rentals outpace both single-family home purchases and apartment-style living, according to the Urban Institute.
After a soft September, Washington and its immediate inner suburbs had a stronger month in real estate in October, with year-over-year sales up solidly and higher average prices in all sectors of the market, according to new data.
In its annual look ahead, the Urban Land Institute predicts a soft landing. That may seem totally tone-deaf when considering today's news cycle and overall tumult of 2017 thus far. But as far as the real estate industry is concerned, the immediate future promises a relatively smooth ride.