 Emerging real estate markets can be found in the most unlikely of places, even in a major market downturn or financial crisis. One of the most promising areas of development today is the rural market.
Rural Markets have small or regionalized levels of market participation; typically less than 50,000 participants or a very limited level of economic drivers, such as a single or very dominant employer. Also known as "prairie markets," these markets have very specific and entrenched - and at times, not so obvious - socio-political and economic elements that have to be assessed and addressed in a non-traditional way. The pulse of the community being considered requires non-linear analysis techniques that do not fit the typical builder Pro Forma and absorption models.
For example, micro-economic forces tend to have bigger impacts in small communities, especially as the economies of scale become substantially reduced. Expansion of a large employer or an innovation in a particular industry can be all it takes for boom in the local economy and real estate market, regardless of what is
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