Real estate trends is a generic term used to describe
any consistent pattern or change in the general direction of the
real estate industry which, over the course of time, causes a
statistically noticeable change. This can be as a result of the
economy, a change in mortgage rates, or other business reasons.
A real estate trend is the fundamental strategic
reason that causes the change, and it is usually a concept, a
belief, a philosophy, or an event (and not merely the result of
a new product or service). Sometimes a real estate trend evolves
to meet a specific need, while others evolve when new products
or solutions are launched; at other times, a trend from another
industry spills over into the real estate industry and is adopted.
Therfore, a trend must have substance and
be based on fact; over time, it will cause a pattern of change.
Monitoring changes and tracking trends is a not an exact science
and can be very hard to predict.