The US Housing Forecast is Looking Good 2017 to 2020 and Beyond
Happy Holidays. I hope you’re having happy thoughts about buying, investing and selling in 2017. More experts are predicting a strong year ahead for US housing in 2017 with almost no risk of a crash downturn. They see exisiting home sales of 6 to 6.5 million in 2017 along with 160,000 new homes being built per year up to 2024. When builders are feeling optimistic, it’s a good omen.
What’s also a good omen is what you’re going to read in this post. It may impact your choice about many things in 2017, from employment, to finding the best investment opportunity 2017 to moving where opportunity is.
Interest in rental income investment and apartments is particularly strong now in places like Dallas, Seattle and San Francisco. Whether you’re in Los Angeles, San Diego, San Francisco Bay Area, Seattle, Denver, Miami or New York, the outlook for return on investment is positive. See this post on investing in rental income property.
You won’t find too many US housing forecasts beyond 2017, yet we’re looking looking for the best cities to invest in real estate, where to buy a home, and whether this is a good time to sell your home.
Here’s a short list of positive factors that will affect the housing market 2017 and beyond:
moderately rising mortgage rates
low risk of a housing crash for most cities
millennials buyers coming into the main home buying years
a trend to government deregulation
labor shortages pushing up costs of production
the economy will keep going – longest business cycle in history
Donald Trump and his “drain the swamp” crew