How is the business landscape shaping up for 2013 and what does it mean for the real estate market and real estate business owners?
The business and economic environment has a major effect on housing. Not just in how much transaction volume goes on in the industry but also which property types are most in demand and which companies are top or flop.
So what should we expect to see in 2013 and how does it affect you?
The overwhelming feeling is that 2013 is going to be a much better year for the economy and real estate. Many are counting on this as a major turnaround year which marks a new era of prosperity and there are many reasons for this optimism.
However, this doesn’t mean that there aren’t legitimate concerns either. Of course there is the fiscal cliff, potential for higher taxes on individuals and corporations and a high likelihood of masses of new regulations.
However, even if these factors to pose real threats they will certainly be tempered with a dramatic increase in consumer spending, investment, real estate sales and innovation.
Ultimately the real estate market is expected to post incredible gains in home prices, rental rates and sales volume over the next 12 months.
Still, real estate investors and agents need to be ready to navigate the challenges and capitalize on the opportunities whether it is adapting their strategies to counter act regulations, minimize tax liabilities, keeping static overhead down or simply being prepared to scale operations to meet surging demand.
2013 could easily be a record year for real estate. Whether or not you are one of the winners or let the opportunities slip through your fingers is entirely up to you but don’t expect any second chances to benefit from conditions like these for another decade or two.
