Residential Real Estate Trends


To obtain the current trends in residential real estate, including what residential property managers care about, as well as what residential tenants care about.

Early Findings

  • Millennials are currently the most dominant buyers in the residential real estate market.
  • Members of the millennial generation are finding stable jobs. Also, their household incomes are now as high as $88,200.
  • Most of these millennials have a preference for middle-class and upper-middle-class houses. It is expected that they would account for 45% of the residential real estate market.
  • Residential property managers in the United States have begun to realize "dramatic savings and operational improvements from smart-home property automation features".
  • According to a survey conducted by Buildium, some of the top goals of US property managers in 2019 include growth, efficiency, and profitability.
  • Property managers are faced with the challenge of attracting and retaining high-quality staff who would not take it personally when tenants express their frustrations.

Proposed next steps:

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