Experts expect that supply will catch up with demand, and more millennials will become homebuyers in 2018.
Forbes' Real Estate Council compiled the top 10 trends they predict will shape 2018's real estate market, including a rise in smaller living space, such as micro-units (200 sf), in high-density and overpopulated urban areas. Zumper's Anthemos Georgiades anticipates that on-demand services for renters will become a major focus, providing real-time tour bookings, and lease agreement confirmations.
The rise of the short-term rental market has created a boom in opportunity for large property owners or the single family owner. Priorities range from renting a room occasionally for extra cash to renting entire vacation homes at three to five times the local and regional market since you now can access a global community.
