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Let’s face it. It felt good to close the book on 2020, but now the pressure’s on to hit the ground running. Understanding trends poised to impact the Real Estate industry is an important first step. We’ve gathered insights from industry experts together to take a closer look at what’s on the horizon in our newly available 2021 Real Estate Trend Report. Read on for a sneak peek at some of those trends and tips for using a research tool like Nexis® for Real Estate to turn trends into opportunities to grow your business.
The first trend in our new report highlights one area of real estate that fared better than most in the past year: single family homes. The market started out 2020 hot, thanks to low interest rates and inventory combined with high demand. The disruption of the pandemic only added to the bottleneck as housing starts stalled and potential sellers held off putting their homes on the market.
As a result, most experts expect single family homes to outperform other sectors in 2021, particularly commercial real estate. Ivy Investments global economist Derek Hamilton told CNN, “There will likely be less demand for commercial real estate due to the rising popularity of online shopping and working from home.”
But whether you’re gearing up for a big bounce back in residential, commercial, industrial or land deals, information is crucial to your success. Here are three ways research can yield measurable advantages if you have the right sources and search technologies at your fingertips.
And that’s just the tip of the iceberg. Curious about other 2021 trends like addressing systemic racism, reimagining work environments, and the ‘moving’ movement? Download a copy of our 2021 Real Estate Industry Trend Report for more details.
What’s your next move? Try Nexis for yourself!
* Access to U.S. Public Records content is subject to credentialing. Due to the nature of the origin of public record information, the public records and commercially available data sources used in reports may contain errors.
Due to the nature and origin of public record information, the public records and commercially available data sources used in reports may contain errors. The LexisNexis Public Records services are not provided by “consumer reporting agencies,” as that term is defined in the Fair Credit Reporting Act (15 U.S.C. §, et seq.) (“FCRA”) and do not constitute “consumer reports,” as that term is defined in the FCRA. Accordingly, these LexisNexis services may not be used in whole or in part as a factor in determining eligibility for credit, insurance, employment, or another eligibility purpose in connection with which a consumer report may be used under the FCRA.