Market & Trends: MARKET DRIVERS
Trends Shaping the Future of the Real Estate Industry INTEREST RATES, NEW TECHNOLOGIES, AND SHIFTS IN WORK AND LIVING TRENDS ARE LEAVING THEIR MARK.
TARA BOGARD
R eal estate investing has seen significant changes over the years due to various economic and societal factors. Let’s explore three key influences shaping the current real estate market: interest rates, technology, and the rise of remote work.
RIPPLE EFFECTS OF RISING INTEREST RATES ON REAL ESTATE In 2023, the U.S. economy experienced a significant rise in interest rates, which notably impacted the real estate
market. The higher interest rates led to a decline in home prices and retail sales, a rise in unemployment, and a squeeze on corporate earnings. Moreover, despite continued pressure on the real estate sector in 2024 due to the absence of interest rate cuts,
22 | think realty magazine :: september - october 2024
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