US housing demand is already strong and a recent article by a leading analyst of the US property market expects it to soar. This pent-up demand will lead to even higher prices and buoyant sales. And the southern states such as Florida and Texas are set to benefit hugely.
2016 notched up yet another record year for Florida tourism with all figures showing significant increases. Find out more.
The Florida property market in 2016 posted high prices and low sales as demand outpaced supply. Analysts expect more of the same in 2017.
Yet another ranking of the best markets for US property investment places Florida in a privileged position. The Sunshine State takes four of the top five positions and a total of six in the best ten making Florida one of the hottest places to invest in the US this year.
Forecasting what is in store for the Florida property market in 2017 was one of the topics at the recent Florida Realtors Mid-Winter Business Meetings. Based on the findings at the meet-up, this news article lists the highlights and trends expected over the next year.
2016 looks set to go down as the best year since the crisis for the Florida property market. Prices continued to rise all round, sellers received more of their asking price and sales remained buoyant. Florida outpaced the US on all accounts with some metropolitan areas in the Sunshine State posting considerably higher figures.
The future looks very bright for Southwest Florida property this year. The economy in this corner of the Sunshine State is enjoying a boom and as a result, the property market is also seeing a surge in sales and prices.
Yet again, Florida dominates the Forbes list of the best property investment in 2017 with at least 26% house price growth expected by 2020.
Figures for new construction in the US surged in October to their highest level since 2007. However, despite the hike in housing starts, high demand for property continues. This in tandem with very low inventory levels means the US housing shortage looks likely to continue for at least another four years.
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.
