More inventory, more affordability: these are the themes of Zillow’s predictions for residential real estate in the new year.
Zillow predicts some breathing room to enter the market for buyers with more options finally coming on line in 2024.
The company also predicts a competitive rental market, in particular for single-family rentals. Rentals commutable to downtown offices are also considered to be hot.
Zillow predicts AI will also ramp up and make the home selling/buying process easier for all parties involved.
Home publication The Spruce is seeing 7 old design trends come back around for the coming year. Bold, geometric patterns from the 80’s? Yup, they’re coming back. Midcentury Modern design is, too. The trend spotters at The Spruce also predict rich color palettes, bespoke furniture pieces, and lots of textured fabrics. Maybe the most interesting turnaround predicted is the return to dedicated spaces, away from open concept designs.
The Best Business Structure for Real Estate Investors
If you are considering turning your real estate investment projects into a business, you will need to give serious consideration to what type of business you want it to be.
The right solution depends on your specific situation, but a few key questions to ask yourself are:
How will I structure my real estate investment company?
How many people will own the business?
What are my concerns for liability?
How much do I care about tax benefits?
How much effort do I want to put into creating an overarching business entity?
Learn the different types of business structures you should consider, and the pros and cons of each type of business structure.
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