Residential Real Estate Trends on the Rise

The real estate market is constantly changing, and it can be tough to keep up with the latest trends. If you're thinking of buying or selling a home soon, it's essential to stay informed about the latest residential real estate trends.

The Price of Housing Is On the Rise

In recent years, the housing price has been slowly but steadily increasing. It is good news for sellers, as they can expect to get more money for their homes than a few years ago. However, it's essential to keep in mind that the increased cost of living also means that your mortgage payments will be higher. If you're thinking of buying a home, you'll need to factor in the increased cost when budgeting for your new place.

More People Are Buying Homes

Due to the rise in housing prices, more people choose to buy homes instead of renting. It is especially true for first-time homebuyers and young families. If you're thinking of selling your home, this is good news, as there will likely be more buyers looking to purchase.

The Types of Homes Being Built Are Changing

As the housing market changes, so does the type of homes being built. More and more people are interested in smaller homes that are easy to maintain. It means that builders are constructing more townhomes, condos, and apartments. If you're looking to buy a new home, keep this trend in mind as you search for the perfect place.

The Location of Homes Is Changing

With more people moving to cities and urban areas, the location of homes is also changing. More homes are being built in city centers and close to public transportation. If you're looking for a home in a specific location, it's essential to stay up-to-date on the latest trends to find the perfect place.

The Way We Buy and Sell Homes Is Changing

The traditional way of buying and selling homes is starting to change. More and more people use online resources to find homes and connect with potential buyers or sellers. If you're thinking of buying or selling a home, it's essential to be aware of the latest trends to make the best decision for your specific situation.

These are just a few of the latest residential real estate trends. If you're thinking of buying or selling a home, it's essential to stay up-to-date on the latest information. It helps you make the best decision for your specific situation.

About Erich Merkner

Erich Merkner was born and raised in Indiana, and has had an interest in commercial, residential, and industrial construction for as long as he can remember. After completing his carpentry apprenticeship at the local 599 Indiana Kentucky Ohio Regional Council of Carpenters (IKORCC), Erich went on to continue his education at the Ivy Tech Community College, wherein he graduated with an Associate's Degree in Applied Science, where he majored in Construction. He's been certified by the U.S. Department of Labor, and has been in the trade for quite some time.

Erich Merkner has also found a home in Real Estate in addition to his love of Construction. He immediately began purchasing and investing in big properties, but quickly switched his focus in Real Estate to assess and work with the gap in the market regarding Green Initiatives. This is where Erich learned that he can invest in and construct incredibly eco-friendly households that are a better quality, rather than purchasing a new house. Erich jumped into the prospect of renovation and rehabbing a new house, thanks to his extensive background in carpentry. His main goal is to get a house to a 100% energy-efficient rating by combining and harnessing different energy sources in the home. This, in turn, saves people more money and hopefully generates an energy surplus. Erich is passionate about sustainable living, and constantly promotes the idea that electric ccompanies should compensate consumers to adding to the energy grid.