**Article Summation**
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Rising Trend of ‘Work-From-Home’ Fuels Demand for Larger Homes:
Forget office cubicles and crowded buses. People now want sprawling homes with space for all their hobbies – who needs a tie rack when you can have a home gym, right? Home size is now an uncompromising factor influencing buying decisions.
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Millennials Arguably Drive the Real Estate Market:
The millennial genre, which they highly value experiences over possessions – except for real estate. Millennials are now the largest group of homebuyers, gobbling up properties with avocado toast-quenching zeal.
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Post-COVID Real Estate Frenzy In Full Swing:
This virus has done some weird things to us, hasn’t it? Turns out, even real estate isn’t immune to the effects of this notorious little germ. The market hasn’t been this active since, well, probably the last pandemic.
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The Rise of ESG Investments:
For those unaware, ESG stands for “Environmental, Social and Governance.” Investors are now prioritizing companies that are guilt-free, trenching their dolla bills in firms with clean energy initiatives and social responsibility. It’s all about looking good, inside and out.
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Pre-eminent Role of PropTech in the Real Estate Industry:
Fortnite and Netflix aren’t the only industries thriving on technology. Real estate’s got some cool gadgets and systems coming up, too. Proptech is transforming the way properties are bought, sold, and managed. Who knew buying a house could be as easy as ordering pizza?
**Bottom Line:**
And folks, that’s the real estate tea for this week. In the era of home workspace, the mantra isn’t “location, location, location,” but “expanse, expanse, expanse.” Millennials are transforming their Instagram feeds filled with excessive travel to cozy home aesthetics. COVID-19 continues to push property madness, making it feel like Black Friday every damn day. And wouldn’t be nice to finally stop feeling guilty about where our money is going? Investment ethics is transforming to match up with our conscious choices. And just when you thought technology had peaked with the latest iPhone… behold, Proptech! It’s like real estate took a roller coaster ride through Silicon Valley. So strap yourself in folks, because the ride’s only getting wilder!
Inman Top 5: Wild Rides in Real Estate
From home gyms to avocado toasts: Real Estate redefined
Original article: https://www.inman.com/2024/02/02/kw-settles-team-moves-on-nar-video-reappears-inmans-top-5/
