2010 Emerging Trends – Compact Communities?

December 31, 2009

So here it is… New Years Eve. As 2009 draws to an end, and agents, buyers and lenders all vamp up for the new year… I found myself pondering what it has in store on the real estate front. In doing so, I found an interesting post by The City Fix called “The End of the American Exurbs and the Death of Sprawl?”

In it, it talks about a shift that began happening even before (and in part because of) the financial and real estate crisis of 2009. It states that communities across the US are compacting themselves. What once were new and lively suburban areas, are now littered with empty homes largely due to the fact that Americans are moving inward. We’re seeing a greater desire for smaller, more practical homes and shorter commutes.  The article quotes from the Urban Land Institute’s Emerging Trends in Real Estate 2010 annual report, who had some interesting observations including specifics on the types of homes that are being snatched up and what developers might expect to see in 2010.

Keep in mind, that these trends are – simply put, good guesses for what the New Year has in store. We’re not seers or soothsayers, but this article seemed interesting to me and gave me some insight as to how I might critique my business plan for 2010. Still, nothing is set in stone, so be flexible, be prepared for whatever may come your way and from all of us at GetMyHomesVale.com, have a very safe and happy New Year!