High housing costs and lack of inventory continue to be a challenge for homebuyers in today’s housing market. While these factors benefit sellers, prospective buyers should be cautious when trying to figure out which properties are and aren’t worth purchasing right now. According to GoBankingRates, certain types of homes are expected to see significant growth in value by 2025 compared with other types of homes. These include: starter homes, furnished condos, and eco-friendly homes, among several other housing types.
“Homes that are carbon neutral, energy conscious, use passive solar, and consider the environment will continue to soar,” said Lindsey Harn, a top agent at Christie’s International Real Estate. “As wealth transfers from the older generations to the younger generations, we will see changes in how the various generations prioritize health, housing, etc. The younger generation will be more eco-conscious and consider these greener elements.”