On the Market: What Direction is Real Estate Taking Today?

The real estate market always seems to be in constant flux. Seldom is there a situation where buyers, sellers, builders, and home remodeling businesses are able to benefit from trends in the market. While the housing market has been recovering since the recession that marked 2008 and 2009, 2019 looks to be a year filled with grow for the real estate market. More jobs, more opportunities, and more sales of homes may all occur in this coming year. If you are preparing to be a Real Estate Person or Broker, you may try this free trial question practice test to help you pass the examination in one try.

Let’s take a look at where today’s real estate market is predicted to go.

 Real Estate
Image courtesy of Stuart Miles – freedigitalphotos.net

A Buyer’s Market
Now is the time for buyers to consider purchasing the home of their dreams. Experts predict that the median price of homes will flatten before they will begin to dip once more, which means sellers will be far more willing to sell more cheaply in the current market. They will also be willing to negotiate to avoid trying to sell when the market recedes once again.

Builder’s Boom
Construction should grow as demand continues to increase. Custom home builders have already seen a significant rise in popularity. This is because more people are able to take reasonably priced loans which allow them to begin construction on the homes they’ve always dreamed of having. Renovations on existing home that include adding new rooms to homes, renovating rooms such as the kitchen, and reshaping the partitions of existing homes will also be popular in 2019 as the selling market stays stable.

Credit Woes Continue
The field of credit is incredibly complex. Concerns that the real estate market could face another recession, merges of financial institutions, and stringent guidelines on federally backed loans will make acquiring mortgage loans and refinancing even more difficult than they were to acquire in previous years. This may also have an effect on the real estate market as a whole. Closing fees and other costs associated with the cost of real estate may increase the cost of real estate as a whole.

Low Interest Rates
Rates on mortgages will continue to be lower into 2019. This is the direct result of lenders trying to facilitate more loans in a market where credit standards remain strict, and the demand for new homes remains fixed. These low interest rates are likely to persist, as a spike in rates could make it incredibly difficult for anyone to buy or sell real estate.

While the real estate market often carries a large degree of uncertainty, there are still certain trends that will likely continue into tomorrow. The need for custom homes, strict guidelines on credit, and lower interest rates are all trends that will likely continue into the remainder of 2019. The one trend that is uncertain involves how long the market will favor buyers. It may be advantageous for buyers to act now rather than later, especially if you want to receive the best value possible for your purchasing decisions.

 

Lamudi Kicks Off Housing Fair 2019 at TriNoma

Housing Fair

Lamudi has once again hosted another successful housing fair. This year, the number one real estate platform kicked the series off at the TriNoma Activity Center. Like previous housing fairs, the Lamudi Housing Fair in Trinoma offered an extensive selection of property offerings from some of the country’s biggest industry players. The exhibitors were SMDC, Aspire by Filinvest, Futura by Filinvest, Prestige by Filinvest, The Hauslands, Amiya Raya, Taft Properties, Robinsons Communities, BPI Family Housing Loan, Grand Monaco, Ortigas & Company, Phinma Properties, Pag-IBIG Fund, Sandari Batulao, and Suntrust.

Online Real Estate Marketing Seminars

More than property selling, the housing fair also aimed to educate and help real estate professionals boost their businesses. As such, those who were in attendance were treated to free online real estate marketing trainings conducted by Lamudi Academy’s learning development coaches. Some of the topics discussed during the two-day event were Top Online Lead Generation Channels,  Conversion of Online Leads to Sales and The Power of Lamudi.

Property Discounts and Foreclosure Auction

Exclusive property discounts were also given away to aspiring property seekers. Similarly, Unionbank also hosted a property auction at affordable price points.

Homebuying Seminars

For first time homebuyers, the Lamudi Housing Fair at TriNoma also gave prospective property buyers the lowdown into how to approach this important but otherwise challenging undertaking. Representatives from Pag-IBIG Fund talked about the agency’s End-User Financing Program while the Land Registration Authority was also present in the event to guide property seekers in their land titling concerns and questions.

Several experts in various facets of real estate also imparted their knowledge to property seekers and sellers. For instance, a talk on Property Photography was discussed, as well as Interior Design Essentials, especially for small spaces.

“The Lamudi Housing Fair is the perfect venue for those actively and passively looking to invest in a property. Each one of our housing fairs has a goal to connect buyers to the right people so they can make the right decision. By bringing together property seekers and property sellers, we are helping them understand the steps involved in the decision-making process and learn from each other. ” Lamudi CEO Bhavna Suresh said of the Lamudi Housing Fair.

“We had hoped that TriNoma would set the tone positively for this year’s run and needless to say, we were not disappointed by the turnout. The following ones will offer the same benefits, if not more, to attendees as we really want our housing fairs to provide value and worth their time.”

The next Lamudi Housing Fair will be happening on July 20 to 21 at Glorietta, followed by SM Cebu in September, and lastly, SM Mall of Asia in December.

The Lamudi Housing Fair in TriNoma was sponsored by DMCI Homes, Aboitiz Land, Land Bank of the Philippines, Land Registration Authority, Food Panda, and Red Doors, also, in partnership with Philippine Daily Inquirer Property, Business Mirror, Business World, Malaya Business Insight, The Philippine Star and ThinkBIT as official registration partner.

For more information, please visit the official website.

 

Note: This is a Press Release