If you are in the real estate industry in the U.S, these are indeed exciting times. A glance at the industry statistics and projection paints an ambivalent state of the industry. While a strong economy goes in tandem with a booming real estate, this is not the case today. The quandary of real estate sales comes out best through several reports over the last quarter indicating a fall in sales for existing homes even as an acute shortage of properties continues. As an investor in the real estate industry, it is always good to look for innovative solutions to such hiccups, and this is what we offer At VegaCadd. Our Cad Drafting Services target real estate stakeholders to help improve communication and provide developers with better tools to market their properties.
To appreciate the quandary of real estate sales, you need to a look at numbers released by different industry players. The National Association of Realtors (NAR) in June indicated sales for existing homes fell 0.4% which was the second straight monthly decline in sales. A group of economists earlier polled by Reuters has projected a 1.5% increase in sales over the same period.
To prove that the real estate sales problem is not going to end any time soon, a report by Reuters projects the acute shortage of homes to continue into 2019 and with it, increase in prices and reduction in sales. If you want to jump into the real estate industry and make quick money, some of the states to consider include Delaware, Nevada, Washington, California, Oregon, Colorado, and Florida. These are states with the hottest neighborhoods and where prices are rising fastest.