2017 has undoubtedly been an excellent year for the US property market. With under three months to go, predictions are already coming in for 2018. Freddie Mac’s latest economic outlook makes good reading for US investors as it points to more of the same.
Latest figures for homeownership in the US point to a slight increase in the rate in Q2 this year. More millennials bought homes between April and June, pushing the homeownership rate up in this group. Traditionally the strongest sector in the US rental market, they are about to be joined by Generation Z, a whole new target for rental properties.
Levels of foreign Investment in US property have hit a record high. Big interest from foreigners shows US real estate remains a popular option.
Florida property market moves up yet another notch and registered its 66th consecutive month of price hikes in May. On the back of strong employment prospects, Florida continues to attract buyers in droves.
The most popular places to buy US property in Q1 this year have just been mapped. A recent study finds that numerous locations in the country come out well above the national average for buying US property.
The US new home market is busy and builder confidence at its highest since 2005. New properties in Southwest Florida look set for a good 2017.
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.
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.