RevinaShare #4: Plan for Further Success with Real Estate 2020 Predictions

As 2019 is officially going to call time on this decade, it’s time to sit back and reflect on your areas of triumphs, growths and setbacks. By doing so, you’re setting up for more glorious success. One sure way to kick off is to review the predicted trends for upcoming year. Not sure what will happen? Revina can help you out by encapsulating most insightful predictions in Real Estate 2020.

 

SPACE10 Explores the Future of Digital Design in Architecture

This concise overview of 15 developments and the influences digital innovation has on architecture since 1980 should keep you informed how new digital advancements change the way we design. 

 

Future of Digital Design in Architecture - Revina.CO

Origins: Morphological Thinking and The Proto-Parametricists

The organic logic and synergy embedded at every scale of design that people now can experience somehow account for ‘morphological thinking’. This mentality enabled architects to consider how nature’s principles could exceed all forms of architectural design.

The unavailability of today’s design technologies back then was fortunately offset by morphogenetic thinking with the dialogue way with whatever means they attained at that time. This, specifically, gave rise to the development of a series of works considered as ‘proto-parametricist’ .

A Cybernetic Revolution & Early Digital Explorations

The driving force behind the greater understanding of how humans and machines are taken over, and can communicate with, one another was the rapid advancement in technology spurned by the two world wars. Then emerged a new research field which is ‘cybernetics’.

The economic meltdown between mid-1970s and 1980s prompted architects to dig deep into other forms of more experimental practice and draw inspiration from other industries. Since the prominence of complex forms designed with digital tools began to take on the architecture and design industry from the late 1980s to early 1990s, computational tools were necessary to not only the design process but also the production of drawings.

From Virtual to Physical with Collaborative Practice

Thanks to the advances in both digital and construction technology, many architects were able to express and show the formerly conceptualised forms. Unlike the visual and artistic approach of more traditional shaping, other architects have explored procedural shaping through the concept of functional or spatial elements as a series of diagrams.

Then came the presence of Internet, which allowed the architectural drawings to be emailed, Fedex’d and uploaded, and worked on almost in real-time by people in various locations. The 2000s marked the consequent advancements in scientific, philosophical and technological research, which led to the significance of collective intelligence.

Computing Nature, Parametric Explosion and Augmenting Reality

For decades, academic practice, where architects and designers found refuge in weakened economic environment, had laid foundation for architectural theory.

In conjunction with the emergence of hardware and sensor technologies, architecture was perceived to be as performative and vibrant as the algorithms and simulations used in design process.

In the aftermath of digital tools, the embodiment of fluidity, temporality, movement and change attainable in architecture transformed the way people interact with their constructions. All of this literally leveraged architect’s understanding of the extent physical architectural elements could respond and adapt to people’s behaviours, changing needs, or even cultural, programmatic or environmental conditions. 

Digital Fabrication & Robots

The shift from consumerism to prosumerism had led to a radical transformation in how we make objects around us. A revolution in digital fabrication is facilitating this transformation to meet its full potential.

Though robots may leave people different impression, they have long been a part of our collective cultural conciousness. The concept of semi-autonomous robotic collaboration is a topic that many architects and designers are currently working on for different purposes.

Radical Rethinking & The Discrete

Had it not been for the revolution in information and data technologies in supercomputing and artificial intelligence in the last decade, all of this works dedicated to exploring the potential of robots wouldn’t be made possible.

It is of paramount importance to incorporate socio-political awareness and critique into architecture. And due to the availability of digital technology for the very low costs, there’s a high rate of literacy in these technologies amidst an entire generation of architects and designers. As social responsibility and digital and auto-technologies are accessible to everyone, this can materialize what many architects have been dreaming of so far.

What’s Next: Construction Goes Digital and Digital Transparency

Architect and researcher Valentin Soana once claimed that the digital in architectural design makes way for ‘new systems where architectural processes can emerge through close collaboration between humans and machines; where technologies are used to extend capabilities and augment design and construction processes’.

Via Archdaily

Real Estate 2020 Outlook: Expert Predictions For Mortgage Rates, Home Prices, Tech And More

 

2020 Real Estate Outlook - Revina.CO

Low rates, high demand and limited supply on the lower-priced end of the market are what housing market is experiencing in 2019. It still leaves a big question mark whether Real Estate 2020 will be at a standstill or move back and forth. And here are what 6 mortgage, real estate, and housing professionals have said.

Mortgage rates will stay low—or maybe go lower.

A 1% from the monthly average a year ago doesn’t make any difference from the current Mortgage rates (3,75%) (Freddie Mac’s latest numbers).

According to Odeta Kushi, there’s a broad agreement that rates will see no sign of climbing up next year. Forecasts from Freddie Mac and the Mortgage Bankers Association also solidify this prediction. 

As Sean Hundtofte said, ‘refinancing’ is going to be a promient term. So without being said, more houses will be more affordable than homebuyers would have otherwise – said Sean.

Prices will keep on rising.

Home prices will experience a surge of 5,6% by next September, from just 3,5% jump this year – Corelogic firm proved.

Taking the issue seriously, Ralph DeFranco supposes the outpace of entry-level home prices over income next year will be exacerbated by the disappointing construction numbers. Therefore, the focus on more expensive, higher-profit houses and less on replenishing low inventories of entry-level homes is way too essential.

Price is going to witness a growth beyond 2020. And there are currently no states or metro markets projected to see prices decreases in the next 2 years.

Inventory will be tight.

Interest rates and record-high homeownership tenures are the roots of the limitation of housing inventory. The average duration of homeowners staying in their home is 13 years. Some cities even witness higher number of 23 years.

It’s likely that the proliferation of construction may offer some mitigation in inventory department.  According to the Census Bureau, both building permits and housing starts have seen sign of increase over the year. Coincidentally, builder confidence was at a 20-month high. Nonetheless, it’s still insufficient to meet people’s demands.

Millennials will keep up their homebuying streak, while Boomers hold up inventory.

Millennials consider home ownership as top goals in their life. With interest rate low and incomes up, it’s ripe time for them to invest in buying home. Unfortunately, a tough battle is awaiting them. Due to the limitation in supply environment, demand growth and increased competition for homes  are elevating home prices once again.

The challenges encounter millenials are due in part to the Baby Boomer Generation, who opt for aging in place – keeping more homes off the market than ever before.

The suburbs will be a big draw thanks to Millennial demand and the industry will continue to digitize

As the growth pattern still carries on home prices, cash-strapped Millennials are looking for more affordable accommodations.

Furthermore, there has been dramatic shift from manual processes in the mortgage and real estate spheres. 2020 will see the trend expand far further, particularly as more tech-savvy Millennials embark on the market.

Via Forbes

 

Better planning would create more affordable housing

More building in cities and increasing numbers of inhabitants into affording house is good news for economy. To put it in practice, better planning controls are definitely of top priority.

Better Planning - Revina.CO

Why lower rates aren’t working

It is pretty clear that the efficiency of monetary policy has been debilitated compared to how it once was. Interest rates have been recorded to be unprecedentedly low with just only 0,75%

In contrast, property prices in expensive suburbs are experiencing a growth due to interest rate cuts and the beneficiaries who do not own expensive houses.

There are also few possibilities for the construction of social housing which can not eve accommodate average income people.

Why cities need to relax planning laws

The affordability of housing and economic growth depends largely on the supply adjustment of housing for renters.

The keystone to making housing more reasonably-priced is to reform planning controls to the sufficient housing in suburbs where people want to reside.

Build-to rent projects

Many Australians take keen interest in build-to-rent projects, however, without incentive, it’s difficult to make the figures stack up.

To execute build-to-rent projects, local and planning authorities should give these projects preferential status.

Height restrictions and subdivisions

Planning authorities should take height control increase into account. This should help erect high-rise buildings for rental properties.

Densification in inner-city centers is also a necessary task. With a view to ticking it up, people need to invest in constructing more multi-level apartment buildings. Key planners must also allow for more blocks subvision and townhouses, small homes built on small blocks.

Urban sprawl and better infrastructure

Since a sudden influx will definitely take its heavy toll on the liveability in their area, local inhabitants need to hold back a development.

To obstruct the seemingly incessant urban expansion, federal authorities should invest in better transit links, more schools and local medical facilities.

New developments won’t be likely to’ meet public objection if better social infrastructure is available.

Via Realestate.com.au

 

 

Miss out our last week updates? Read our Revinashare#3 here.

 

About Hoan Nguyen