Page 16 - Venture - State of the Market 2020

How has your business
been impacted by the real
estate market in 2019, and
what do you foresee for
your business in 2020?

My business has seen a drastic growth in
2019. With low interest rates and high de-
mand for homes under 1 Million. It has been
a busy season. In 2020 I will see more a
higher increase in buyers due to constantly
low interest rates and that will allow me to
almost double my business.

Being on the Eastside of Seattle we’ve seen
strong Buyer demand. Buyer’s have become
a bit pickier but still a lot of Buyers and little
inventory.
2020 MARKET SURVEY REPORT
Good and still good in 2020.

Construction cost and municipal require-
ment have made development difficult.

I think it will continue growth slowly. For the
SECTION 1 - rental market, I don’t see as good return
PRO OUTLOOK comparing to the previous few years.

I always like doing We had a successful year but not more so
things better, so this than the two previous; I see a cooling off in
year we took our 2020 but not enough to call a contraction.
market survey report
to another level. Go Greater expense and more expected until
big or go home right? larger spaces become available or the
We broke the surveys market turns.
down into two sec-
tions. The first is our What would your advice be
Pro Section where we on investing in real estate in
asked over 300 of 2020?
the top leading real
estate experts in the Still keep going. There’s always good oppor-
Northwest with vary- tunities. Be patient.
ing background from
property managers, to Conservative buys with long term hold view.
architects, engineers,
fellow real estate de- Be very careful; do not overextend as the
velopers, investors, etc. market will not inflate quickly.
to give their opinion
on the market. No one Bet on fundamentals, not on future rent
is doing this that we growth simply because we are long in this
know of! cycle and many variables are at cycle peaks,
arguably. That said, if you are investing now
as I’m lending now, have a long term view
and patience.
16 VENTURE | 2019 STATE OF THE MARKET
1
16 VENTURE | 2020 STATE OF THE MARKET
4 VENTURE | 2020 S
TE OF THE MARKET
A
T