Purchasing a home is an investment in a buyer’s future and is likely the biggest financial investment he or she will make in a lifetime. To achieve homeownership, buyers are often willing to make compromises or sacrifices to help make their home buying dreams come true. According to the NAR 2012 Home Buyer and Seller Survey, recent home buyers were often willing to make sacrifices on price, size and condition of the home they purchased, and households with children under 18 were the most likely to make those sacrifices.
Optimism is abundant among real estate firms across the country, according to the NAR 2013 Profile of Real Estate Firms, which found that 69 percent of all firms expect profitability to grow over the coming year.
There may be less commercial rental space available in the coming year and renters should expect to pay more for apartments
Going green has proven to be more than a trend; many people seek out this way of living.
Saving energy, or “going green,” continues to be very important to homeowners. NAR research has consistently shown a considerable and growing market for energy-efficient buildings, and many of today’s consumers want more efficient and eco-friendly homes.
The American Dream of homeownership is alive and well, according to a majority of renters surveyed for the NAR 2013 National Housing Pulse Survey.