A study of the profile of US property buyers in 2016 revealed an increase in first-time purchases and an overwhelming preference for single family homes. It also showed a market still much in favour of the seller.
Latest statistics reveal that Florida property prices went up yet again in October. This latest monthly rise is the 59th in a row showing the market continues to forge a full recovery.
The end of the year means investment prediction time. The latest Emerging Trends in Real Estate forecasts which US property markets are the ones to watch in 2017. Unsurprisingly after an excellent 2016, Florida property is one to keep a keen eye on.
That Florida property represents great value this year is no secret but according to a recent survey, it actually couldn’t get any better.
Property analysts are unanimous in that 2016 has been one of the best years for the US housing market since the crisis. With the sector already looking forward to more of the same next year, now is a good time to take a look at some forecasts for the trends in the US property market in 2017.
While the US as a whole has failed to fulfil expectations this year, the Florida economy has surged ahead both in economic growth and job creation. Analysts believe this tendency is set to continue throughout 2017, an opinion reflected in the very positive potential seen by local businesses in Florida.
A report released at the end of September reveals the best places to buy investment property in the US. Tampa and Orlando, two of the most popular places to buy property in Florida, come out top, ticking all the boxes.
One of the defining characteristics of the current Florida property market is the shortfall in inventory levels. Despite an uptick in construction activity this year, demand continues to outstrip supply of new-build properties in Florida with a particularly high deficit in the Southwest.
Strong employment, 66 million Americans aged 20 to 34 and low vacancy rates mean an excellent outlook for rental properties in the US.
The rate for foreclosure properties in the US fell to its lowest rate for nine years in July, according to the latest report from CoreLogic.
A new report reveals the best places for US vacation rentals. Resorts in Florida dominate the top ten for returns on holiday lets in the US.
Florida has long been a favourite retirement spot, but a recent survey has confirmed its popularity. So much so that when it comes to the best place to retire in the US, Florida cities dominate the ratings.
Financial instability and political uncertainty in their home countries have led many foreigners to regard the US property market as a safe haven for their investment. The amount invested in properties in the US between April last year and March this year is the second highest since 2009 with big interest from Chinese and British buyers.
With Florida motoring ahead of the US economy, it’s obvious that the Sunshine State has left the recession well behind. And within Florida, the Tampa-St Petersburg-Clearwater MSA stands out for exceptionally positive figures. As a result, the Tampa Bay property market hasn’t had it so good for years.
As the US economy and job market register full recovery levels, demand for housing is soaring. As a result, property inventory levels are tight across the board creating strong demand for new builds. However, developers currently face one major obstacle – the severe shortage of building land in the US. This latest BRIC Group article provides the full picture.
A recent report from Freddie Mac finds that the Orlando property market is the fastest growing in the US and has a stable outlook for growth. This BRIC Group news article explores the reasons behind the surge in the market and explains how it’s part of a bigger picture of the improving property market in Florida generally.
