Ezra Beyman, Chairman of Empire National Holdings, On Real Estate

The real estate market is potentially approaching a state of uncertainty. While 2018 was a generally strong year for real estate growth, there are a lot of questions about what the next year will hold for both the American and global economy. But experts are generally optimistic about the future of real estate. Investors should still approach the market with caution, keeping in mind investments that are consistently stable as well as looking towards emerging trends.

There were concerns that the new tax law would bring about a slowdown in the housing market, but they fortunately seem to have been unfounded. But while the new deductions on residential real estate haven't depressed the market, there's still a risk to be had from rising home prices and mortgage rates. Combined with threats like the government shutdown and volatility in the stock market suggests that those looking to invest in traditional residential real estate should be cautious.

But there's still money to be had in this sector. While the market is likely to slow down some in terms of growth, many suggest that it shouldn't stall out completely, and it's likely that both pricing and mortgages will stabilize in the coming months. Some suggest we can look forward to a boring market, but with the threats of a recession on the horizon, boring isn't necessarily a bad thing. Expect the level of home sales to stabilize and a slow but certain rise in the value of residential properties. Some experts believe that we're looking at a shortage of houses, and that's a situation that's good for those looking to invest in the real estate market.

But there are still concerns among industry professionals. 2018 may have seen a strong early start, but confidence plummeted by the end of the year, leaving it at a lower position than it's been at for the past three years. Investors should have some concern about the state of the construction industry. The industry is looking at higher regulations, product costs inflated by tariffs and a looming trade war, a lack of available lots, and tighter lending opportunities.

The demand for luxury homes is decreasing even as the market for starter homes increases. That means that investors should be looking at more modest investments, and they should carefully keep an eye on the market. Housing costs obviously contract in a recession, and the last shutdown saw the demand for housing decrease. But while there's no solid consensus about the housing market, the general understanding is that it will remain relatively stable. Rises or drops should be relatively modest one way or another, but investors should proceed with optimistic caution.

About Ezra Beyman

Ezra Beyman is an experienced professional who works in the real estate and home insurance industries. Ezra Beyman serves as the founder and chairman of Empire National Holdings. Ezra Beyman is based out of New York City. Ezra enjoys working in and providing for the city that has given him so much. He respects and cares deeply for his community.