FEATURED ARTICLE
THE WIDER MARKET
ENVIRONMENTAL SUSTAINABILITY: INFLUENCING BUYER PREFERENCES Environmental considerations are becoming a major influence in the real estate market. Buyers and investors are prioritizing sustainability, driving significant changes in how properties are built and marketed. Homes with energy-efficient features such as solar panels, high-efficiency HVAC systems, and smart home technologies are highly sought after.
With an increasingly aging population, baby boomers are downsizing or seeking age-friendly housing solutions. This demographic shift is driving the development of single-story homes, retirement communities, and properties with accessible features. GOVERNMENT AND POLICY: STEERING THE MARKET Government policies at the federal, state, and local levels significantly influence the real estate market. Zoning laws determine how land can be used and developed. Changes in zoning regulations can either restrict or promote real estate development, affecting property values and availability. Government incentives for homebuyers, such as tax credits and subsidies, can stimulate the market. Policies aimed at encouraging sustainable building practices or affordable housing development also play a crucial role
and government policies, you can navigate the ever-evolving landscape of the real estate market effectively. In this dynamic environment, the ability to leverage industry influence is key to thriving as a real estate broker. By embracing these changes and maintaining a forward-thinking approach, you can continue to lead and succeed in the competitive world of real estate. •
JOEL MOYES
These features not only reduce utility costs but also appeal to
environmentally conscious buyers. Proximity to green spaces and nature is increasingly important for buyers. Properties near parks, trails, and other outdoor amenities are in high demand. Urban planning that incorporates green spaces and sustainable living environments is influencing real estate development and property values. Higher “walkability scores” (a measure of how dependent a property is on traditional vehicles to move about the neighborhoods) are becoming more prevalent in buyers’ decisions. DEMOGRAPHIC SHIFTS: TAILORING THE MARKET Demographic trends have a profound impact on the real estate market, influencing demand and shaping the types of properties that are developed. Millennials and Gen Zers are entering the housing market in large numbers. They prioritize factors such as affordability, proximity to work and amenities, and tech integration. These preferences have led to a surge in demand for urban living, smart homes, and rental properties.
Joel Moyes has more than two decades of experience in development, brokerage, and investment management. A driving force behind Realty Executives and a principal at Kinetic Companies, his extensive background includes a wide range of activities from strategic business development and consulting to acquisition and pre-leasing services, with successful transactions totaling hundreds of millions in aggregate consideration. At Kinetic Companies, Moyes and his team partner with international and domestic investors to navigate market cycles and challenges across various industries, including healthcare, technology, and commercial real estate. As the designated broker for Red Brick Property Management, Moyes oversees the management of a diverse portfolio of properties, ranging from tenant relations and lease administration to financial reporting and maintenance. As co-owner of Realty Executives, Moyes fosters a culture of excellence and empowerment, inspiring both seasoned professionals and aspiring agents. His commitment to client satisfaction and community engagement underscores his dedication to corporate responsibility and social impact.
in shaping market dynamics. Government investments in
infrastructure (e.g., transportation, schools, and public services) enhance property values and attract buyers. Areas with robust infrastructure development often see increased real estate activity. The real estate market is a complex ecosystem influenced by myriad industries and factors. As a real estate professional, understanding these influences allows you to better anticipate market trends, adapt strategies, and provide informed guidance to your clients. By staying attuned to technological advancements, financial shifts, construction trends, environmental considerations, demographic changes,
56 | think realty magazine :: july - august 2024
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