Although there has been a steep fall in the entire real estate market a couple of years back, it has shown enough prospects to redeem that and evolve strongly to make up for the loss. Not just the residential real estate market, but even the commercial one, has been subject to several setbacks. But as 2016 emerged, there were a number of interwoven aspects that bode well for the savvy investors and encouraged them to step out and take the measuring step towards investment. Apart from this, there were even some intensifying economic, demographic and technological trends which helped them giving the boost as well. As far as the economic side of the nation is concerned, the U.S. Federal Reserve has made it clear this December that the central bank finds U.S. real estate market growth to be stable than the last year. However, the underlying inflation is extremely tame in the United States and major emerging markets, it provides no impetus for the significantly higher rates.
Since most of the big time investors go for prior suggestions, they always prefer having the advice of experts like Gene Bernshtam. He has been the CEO of a number of companies, and currently holding the leading position of Avalon Holdings LLC which is a commercial real estate investment and development firm and specializes in the apartment building and mixed properties. The overall focus of the company includes investment, development, management, repositioning the real estate assets that are under performing for a long stretch and even consulting services. Houses are always meant to be a place of love, and hence they have focused recently on expanding in Chicago and Miami to deliver their clients the house they love.
But the current years have seen that they are some changes in the trends of places which have been developing as the real estate sectors. With the next few years, most of the millennial are expected to choose and vacate the heavily urbanized centers and opt for the suburban living situations. Since the nuclear families are more in fashion, people obviously look for small homes which might not be amply spacious, but cozy enough to live. Even they search for the transit-oriented places which have all the amenities nearby. Now since finding this serenity and loneliness is not possible for the people in the hi-tech cities, the suburban centers have been the focus of most of the home owners.
The U.S infrastructure in all traditional sense has been failing over the years to meet the demand and quality standards. Since the urban centers are getting congested every single day, it is getting tough for businesses and commuters to meet the levels of expectation. Factors like inefficient transit systems and low walk-ability scores have been hurting the economy. As far as the business houses are concerned, even they can’t retain their employees. As a result of it, there has been increased investment in developing the infrastructure and make the place a better living place.Eugene Bernshtam finds this policy to be highly beneficial for the real estate sector as that has already started drawing more and more investors in the field.
There might be multiple ups and downs, but fighting it hard has been the trait of real estate industry. This attitude helps this particular strong to grow stronger even in the days to come.