2024 Atlanta Real Estate Predictions
As we approach 2024, the real estate landscape is poised for significant changes. In this insightful discussion, David Tufts explores the upcoming trends in housing inventory, the evolving role of agents, and the types of properties that will dominate the market. Join David as he unveil expert predictions and strategic insights for the year ahead, providing a comprehensive look at what 2024 holds for real estate enthusiasts and professionals alike:
Will you add inventory in 2024? Can you tell us about your plans?
We have great plans for 2024. Despite some challenges faced by developers, particularly in the commercial lending sector, we will remain at the forefront by assisting them in introducing state-of-the-art new properties. These new developments are expected to be very appealing to buyers, especially given the current low inventory environment in which we find ourselves.
We are working on condos, townhomes, single-family, and master-planned developments to launch in 2024.
Will agents be more important to your plans in 2024? If so, how?
Agents will play an even more crucial role in our 2024 plans. Our on-site agent expertise is a game-changer, as they possess an in-depth understanding of our products, almost as if they had constructed them themselves. This knowledge enables them to effectively convey the benefits of new construction and the unique features of our properties to prospective buyers.
We are committed to collaborating with highly experienced professional co-op agents to ensure that our clients and buyers receive the best service, guiding them through every step of the process when purchasing new construction.
Which type of new construction housing (condo, townhome, single family) do you expect to be most in demand in 2024? Will the housing inventory shortage drive more development in 2024 and beyond?
In 2024 and beyond, all these housing types (condo, townhome, single-family) are anticipated to remain in high demand. This is largely due to the ongoing housing shortage and lending obstacles. These product types run the gambit from entry-level to ultra-luxury.
However, it's not just about these three housing types; consumers are also carefully considering factors such as location, amenities, and convenience when making their choices. Additionally, there is a significant demand for state-of-the-art and luxury products, and we will be introducing developments designed to cater to buyers seeking new and modern living spaces. The housing inventory shortage is likely to continue driving our sales and marketing efforts in the years to come.