Watch Equity Online (2017)
JPMorgan strategist See positive US equity returns in 2017 112 AM ET Tue. Watch the data double whammy for the Fed. By. Here are five things to watch for in real estate in 2017 dont get blindsided. Equity. Savings. Auto. Equity Market Holidays' title='2017 Equity Market Holidays' />A surprising twist toward the end of 2. Donald Trump as president is likely to presage some dramatic changes in 2. Still, as demonstrated by the Nov. Here are five things to watch for in real estate in 2. Attack of the drones Ready for takeoff. Women In Private Equity 2017Drones will get more popular in the real estate world in 2. Commercial use of unmanned aerial vehicles UAVs, or drones, in 2. Federal Aviation Administration, and the nascent use of drones by the real estate industry is likely to expand dramatically next year, according to several analysts. Location, location, location has now become perspective, perspective, perspective, said Steve Mc. Irvin, chief executive of Autel Robotics USA, a Bothell, Wash. If you have a property to sell with more than an acre of land or a unique perspective, its a good reason to bring in a drone. While the use of drones to create those flyovers of properties for real estate agents began to rise this year, home buyers and sellers will be able to use them as well by next year, as operators will no longer need a commercial pilots license to fly, although some flights will need the FAAs or local tower permission, along with a flight plan filed online. Also see What the drone industry means to home deliveryI could teach you to operate a drone in 3. Tim Nguyen, a San Mateo, Calif. Chinas DJI, the biggest maker of UAVs, who said real estate agents and buyers can use drones to do live postings to social media. Its a new way of interacting with clients and buyers from all around the world, Nguyen said. The newest drones have built in redundancy If an operator lets go of the controls, it simply hovers in place, Nguyen said. Even better straight out of the box prices for high quality drones are expected to drop to as little as 5. The smaller gyro stabilized drones, with the rotors shut off, can also be handheld and walked inside a home to provide steadier images during a video walk through, he said. While initially a tool of the selling side, the expansion of drone use in the commercial space means that they now be a tool for home buyers, as well. Buyers in Seattle are skipping the home inspection because the market is so hot, but that doesnt mean you cant get a drone to take a quick look, Mc. Watch Blue Seduction Online Free 2016 there. Irvin said. He said he recommends that a buyer who skips the home inspection in a competitive buying situation use a drone to inspect a homes roof, to ensure that a chimney doesnt have cracks, or to circle the house if access isnt available. Not mixed use but surban The way to San Jose. The Silicon Valley capital is one of several cities adopting a surban model Theres been plenty written about the move from suburban style sprawl marked by Mc. Mansions and strip malls to more dense communities of different housing arrangements, such as town houses, apartments and single family homes, together in the same neighborhoods. In 2. 01. 7, look for a new name for it surban. Existing suburban neighborhoods are adding urban amenities so that theres an environment where people can live, work and play right outside of the core part of the city, said Peter Burley, a real estate executive in Oak Park, Ill., an urbanized inner ring Chicago suburb. These developments are more than simply mixed use, said Danielle Leach, a senior consultant at John Burns Real Estate Consulting in Chicago, who as a single mom lives in such a community in St. Charles, Ill., with two teen boys. Surban living is becoming a new way of life for many where the blend of urban and suburban living provides the best of both worlds, she said. With surban living, its possible to walk to work, like in a city, as well as enjoying pedestrian access to groceries, entertainment and youth and sport friendly parks plus reliably strong public schools. John Burns Consulting expects nearly 8. Surban neighborhoods are designed to be inclusive, rather than exclusive, said Bill Endsley, of the International Real Estate Federation, a Washington, D. C. based international real estate consulting group, making them affordable to teachers, firefighters, police and janitors. The more we go down the road of exclusive development, the more problems we have, including traffic congestion, air pollution and sprawl, Endsley said. He cited a rundown mall site in San Jose, Calif., which was turned into Santana Row, a booming destination in the high priced Silicon Valley, that includes affordable housing. Forget the starter home, millennials want the move up property. Hiding out in Moms basement has apparently worked millennial buyers have more money to spend on down payments now. More millennials roughly, those born between the early 1. Washington, D. C. National Association of Realtors. Many of those buyers have saved enough to go with something more than a condo unit or a starter home, said Jessica Lautz, managing director for research at NAR. And with the markets doing so well, and interest rates as low as they are, millennials who have paid down their student debt and built up their cash may be in a position to buy more house than real estate agents might think, she said. Indeed, the NAR noted that in 2. And though it was lower than all other age groups, 3. NAR said. To be sure, student debt still is seen as one of the top factors that will influence, in the coming year, whether the millennial generation will buy a home. The NAR noted that 4. Generation Y buyers had a student loan debt balance of at least 2. And perhaps also worrisome, the baby boom generation is also deep in debt, with the highest median debt balance of 2. And it isnt just their own debt, according to the NAR. This may be due to not only their personal educational loans but accumulating debt from their childrens education loans, Lautz said. How Trumps shocking win could change real estate. Donald Trumps win stunned the financial world, the media and, perhaps, real estate markets. The conventional wisdom just a few weeks ago foresaw a solid electoral win for former Secretary of State Hillary Clinton and a smooth passing of the baton from the Obama administration, along with a gentle increase in interest rates in December by the Federal Reserve. No more. Last week in Orlando, Fla., just before most voters went to the polls, Dennis Lockhart, president of the Federal Reserve Bank of Atlanta, said only election turmoil could force the Fed to hold back on an interest rate hike in December. You can never rule things out post election, Lockhart said. We may end up with enough turmoil around the election to create a different set of conditions, he said during a news conference at the National Association of Realtors annual convention. Indeed, fears of recession could grow with a likelihood that Trump would cut government spending dramatically in his first year, and stock market uncertainty increasing over just how his presidency will begin. As such, another year of low interest rates could be in the cards. I dont believe that there will be any significant changes to interest rates, at least in the near term, since the underlying fundamentals that have led us into a low interest rate environment havent changed, said Rick Sharga, executive vice president of Ten X, formerly Auction. Sharga sees a Trump presidency being good for the housing and mortgage markets in the long term, he said. He seems committed to bringing regulatory relief and regulatory certainty to the financial services industry, which should make more credit more available to average home buyers who have been locked out of the market by todays extraordinarily tight credit standards, he said. As a result, home buying should remain strong in 2.