LONDON--(BUSINESS WIRE)--SpendEdge, a leading procurement market intelligence company, has announced the completion of its article that underlines the current trends governing the real estate market in the US and enlists key procurement strategies to overcome the impending market adversities.
Is the real estate market going to crash? Of late, this is one of the most imposing questions that’s worrying investors in the US real estate market. With another recession threatening the global market and economists validating the possibilities of the real estate market downturn, investors are ending up in a tight spot when it comes to procurement viability in the real estate market in the US.
Factors that are disrupting the real estate market in the US are extremely dynamic. Failure to track the trends in real-time is resulting in severe losses in terms of business opportunities. Request a free demo to access our web-based procurement platform to get regular and real-time insights into the real estate market in the US for free.
Key Question: Is the Real Estate Market Going to Crash?
Due to the ongoing US-China trade war, the cost of construction of raw materials that are imported from China are skyrocketing owing to the unscrupulous imposition of tariffs on them. This is increasing the overall expenditure of the construction of a building that is rendering houses expensive. This is demotivating most of the buyers from purchasing houses and rather explore their leasing options.
With the growing popularity of the e-commerce shopping platforms, most of the established brick-and-mortar retailers are biting the dust. They are exploring their e-commerce options as a last-ditch effort to survive in the struggle of the fittest. This is resulting in a stark decline in the demand for spaces for stores and warehouses for such brands. Consequently, this is eschewing a lion’s share of the demand in the real estate market in the US.
Are you facing difficulties identifying key factors impacting the real estate market in the US? Get complimentary access to our web-based procurement platform and gain real-time insights into the procurement best practices to battle uncertainties across a range of markets.
Possible ways to survive the real estate market crash in the US
Buyers are advised to adopt real estate data visualization tools and dashboards such as QlikView and Tableau. These tools are equipped to provide category managers a view of granular-level insights, which help them in identifying suitable properties, select service providers that meet requirements and compare the best prices.
In the real estate market, purchasing property entails a range of other services that include agency leasing, facility management, and risk analysis. Partnering with individual suppliers to obtain all such additional services will not only increase the buyer’s overall procurement spend but also add to the supply chain management complexities. Against the backdrop of inflating housing prices in the US real estate market, it is prudent of buyers to partner with suppliers based on their service portfolio and their integration capabilities to provide all the additional services.
While strategic supplier partnership is crucial to optimize procurement spend, lack of real-time insights into the current supply market scenario results in sub-optimal partnerships. Request more information from our experts to know about the leading suppliers and the best supplier selection strategies in the US real estate market.
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