That Florida property represents great value this year is no secret but according to a recent survey, it actually couldn’t get any better.
Figures released for US property prices in August point to another rise and bring the market close to its peak reached in July 2006. Prices went up across the board with some markets showing considerably higher increases.
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.
The so-called millennials now represent the largest generation group in the US property market. A recent survey reveals their homeowner aspirations and what exactly makes the ideal US property for the millennial generation.
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.
The market for Southwest Florida property is registering record performance. The highest number of new-build starts and completions since 2006, alongside the significant percentage of cash sales and strong increases in median house prices make Southwest Florida one of the current hot spot areas in the state.
For the Americans, property investment is the best long-term choice for their money. Standing well ahead of other investment options, property ranks as the favoured haven for money over stocks, bonds and gold. The turn-around in the US property market with house prices on the rise is one of the main reasons behind their choice. This BRIC Group news article explains the phenomenon.
The latest predictions from Freddie Mac point to 2016 as the best year for property in the US for ten years. Bases its figures on solid job creation, continual household formation and steady price rises pushed upwards by demand, the federal mortgage corporation believes the US property market is set for an excellent year. BRIC Group explains why.
More households are choosing to rent US properties in the suburbs than city centres across the nation as a whole. In addition, the renter population continues to grow and outpace the supply of properties available to rent. These latest figures confirm the potential behind buy-to-let property in the US as this BRIC Group news article explains.