The real estate market is forever in flux – and the past few years of changing housing prices, consumer demand and mortgage rates have had a considerable effect. The landscape of homeownership in the U.S. continues to evolve, and economic factors are adjusting the priorities of homebuyers and sellers.
That’s why the 2023 RE/MAX Future of Real Estate Report examines the market from all sides.
The report – a “comprehensive, current analysis of consumer tendencies and professional strategies around buying, selling, or owning a home” according to RE/MAX President and CEO Nick Bailey –explores the cultural context and influential trends set to shape the real estate and housing landscape in the United States in the year ahead.
Qualitative and quantitative data help reveal the current sentiment of real estate consumers and indicate where buying and selling trends could be heading.
“The events of the past few years have made homebuyers more deliberate about what a home should offer them,” Bailey says.“A home purchase is one of the largest transactions a person will make in their lifetime, so it's important for them to have a clear understanding about what they're seeking in a home. Research like this can help a real estate professional guide them in their search.”
Take a look at a few key findings from the latest Future of Real Estate report: