Real Estate And Architecture Year In Review And A Preview of 2020

As 2019 winds down, here’s a look at the year that was in real estate and architecture and a preview of what to keep an eye on in 2020:

this year, 32% of respondents said they do not believe that the American Dream involves homeownership. Financial situation was the overwhelmingly top reason that the survey respondents said they rented instead of owned. Flexibility and responsibility of homeownership followed.After more than 15 years of extensive collaborative efforts, eight of Frank Lloyd Wright’s major works were officially inscribed to thein 2019 by the World Heritage Committee.

This lack of new for-sale homes is not only lowering inventory of entry-level homes, but also driving up prices for those homes due to high demand. As buyers delay purchasing due to the lack of inventory and higher home prices, Homesnap predicts in 2020 you can expect more people to prolong rental agreements as opposed to purchasing their first home.

In alphabetical order, the markets are: Charleston, South Carolina; Charlotte, North Carolina; Colorado Springs, Colorado; Columbus, Ohio; Dallas-Fort Worth; Fort Collins, Colorado; Las Vegas; Ogden, Utah; Raleigh-Durham-Chapel Hill, North Carolina; and Tampa-St. Petersburg, Florida.Gregory Malin, CEO and founder of real estate developer, believes the strength of the U.S. and global economy will prevail.

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