Many of the opportunities I have seen and found in recent weeks center on "build to rent". The below linked article shows reasons why this is happening so much. Fewer people can afford to buy a home in an area they would ideally like to be able to buy in.
I can't help but reflect on one of the examples from the article, which is about a couple living in Southern California deciding to purchase their first home - in Minnesota instead. My point is that if buying a home is important enough, consumers can find one even if in a totally separate market. If the living situation is more important, the chance of a consumer being able to be close to where they want increase by having the ability to rent.
However, this is not written for consumers facing the rent and/or own situation. I'm looking to get the attention of real estate developers, builders, investors, and brokers whose business could benefit by pursuing and working with those consumers.
A developer and/or investor could be looking into locations suitable for homes which are affordable for buyers OR to serve as long-term rentals. Brokers could be bringing scenarios to current renters, showing them what they could buy for the same (or less) than they are currently paying for rent. As the article below indicates, there are people in desirable areas that are fine with relocating in order to own a home.
Let's connect and explore how we can collaborate on opportunities for mutual benefit!
https://www.axios.com/2024/12/14/first-time-homebuyer
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