In real estate, 2018 had been in somewhat of a rough patch in terms of sales. 'Uncertainty' has been the word that described what had been happening in real estate sales. The Guardian said that there are new things to expect in the word of real estate and economics in 2019.
The threat of Brexit, as well as the US-China situation, hangs heavily on the economy of the word. The unknown that Brexit brings is a big issue. There is also the fact that businesses don't know what will happen, and what effect this will have on existing deals made within the Euro.
Then there's the Sino-US dispute in trades, which people that are dealing with the two countries are anxiously looking at. Donald Trump has proven himself to be a very tough president to deal with. That alone is enough to remove the optimism from anyone that wants to go back to the days before the US and China were 'good friends.'
Curbed, meanwhile, explored other facets of the global economy, especially in real estate. The most prevalent trend in real estate is changing, specifically with real estate technology. The generation today should receive new technology. New markets will also eventually open, which only justifies the need for new technology.
In the US, more than the urban revitalization, the suburbs are currently seeing people return to them. The younger generation has started to search for single-family homes, and it is in these suburban areas that property has remained most affordable. This is one of the priorities. The others that are of importance is that it is near their work and easy-to-reach.
Technology has always been strange for real estate, but it has recently seen more application in various departments. Tech firms, startups, and new services will also play a role in the modernization of real estate. Blockchain has done that, a disruptor in most applications. It is the platform on which modernized real estate apps and programs have been built on.
The only problem is that people are increasingly starting to lose their ability to afford real estate, which is influenced by many factors. The only real solution is that real estate should move forward, navigating what is essentially a difficult time, without losing out on what worked--putting people in the middle as they sell and cater to real estate.
