January 3, 2025 - 18:59
If you work long enough in any business sector, some memories from your early years inevitably fade away, becoming part of what you recall as the "good old days." Mitch Roschelle, Managing Director of Madison Ventures, reflects on the evolving trends in the real estate market, suggesting that the days of selling six million homes per year may be behind us for good.
According to Roschelle, various factors contribute to this shift, including changing demographics, economic fluctuations, and the impact of technology on home buying and selling processes. He notes that millennials and younger generations are approaching homeownership differently than previous generations, often prioritizing flexibility and affordability over traditional home buying norms.
Additionally, the rise of remote work has altered the demand for housing in certain areas, leading to a reevaluation of where and how people choose to live. As the market adapts to these new realities, Roschelle emphasizes the importance of being agile and innovative in navigating the future of real estate. The industry may not return to its previous highs, but it will continue to evolve in response to the needs and preferences of modern buyers.
