What to Look for in your Real Estate CRM Solution The…
US Real Estate Forecast 2017, 2018, 2019, 2020
Most experts are predicting a strong year ahead for US housing in 2017, 2018, 2019 and beyond. While some markets are a little flat of recent, plenty of other cities are still seeing rising home prices. It’s a bit of scary time for investors and home buyers.
US Housing update May 25th: US home resale prices fell during April, 2017 yet it was the strongest April since 2007. NAR says sales declined 2.3% in April, and this is likely due to a lack of supply. Housing starts and new building permits also fell. It appears the US political turmoil and disappointing economic performance in the first quarter are weakening supply. Housing starts were down by 2.6% or about 50,000 units.
Home prices in California rose 6.8% from a year earlier to nearly $460,000, while sales dropped 3.2%. This is looking like it will affect the 2018 housing forecast.
Please Comment below on where you think the housing market is headed countrywide, and in your neck of the woods. Readers want to know!
US home prices should continue their relentless climb from 2017 to 2002. Where are the Best Cities to buy property? Check out the markets in Los Angeles, San Francisco, San Diego, Seattle, Charlotte, Detroit, Denver, Tampa, Austin, Boston, New York, Miami, Honolulu, San Jose, or Chicago? Big or small, check out all the best cities to invest in real estate in 2017 and 2018.
Los Angeles Real Estate Forecast
San Francisco Housing Forecast
New York Real Estate Forecast
San Diego Real Estate Forecast
Mississauga Real Estate Forecast
Toronto Housing Forecast
Toronto Condo Market Forecast
Top 5 Real Estate Market Topics
- Best Cities to Buy Real Estate
- Mortgage Rates and Helocs
- When Should I Sell My House?
- First Time Home Buyers Tips
- How to Look for Homes for Sale
Buying and Selling — Is This the Right Time?
Are you selling your home in 2017? Speculation of a housing crash in Miami, Los Angeles, San Francisco Bay Area, Charlotte, San Diego, San Jose, Denver, Seattle, and many other overheated markets has more people listing their house or condo. These are interesting times where fortunes will be won. I hope you and your loved ones make the best buying and selling decisions!
This post has numerous insightful charts, videos and perspectives to help you understand the housing market in 2017, 2018 and beyond. Check out these premium articles for condo/home buyers and condo/home sellers:
Do the Underlying Economic Fundamentals Support Higher Home Prices?
Some think housing shortages will keep home prices high. With President Trump’s plan to bring good paying jobs back to the US, the economy and job market forecast was looking bright.
There are plenty of home buyers out there if you’re considering selling your house. And especially first time buyers this year. Millennials are hungry for housing. If you’re looking for support about the housing market fundamentals, keep reading below. Housing experts are predicting existing home sales of 6 to 6.5 million units in 2017 and then above 1.3 million new homes being built per month up to 2024.
Will it be enough? When American builders are feeling optimistic, we hope, it’s a good omen, however 1.5 million units is more what is needed to fill forecasted demand.
What’s also a good omen is what you’re going to read in this post. It may help you do many things in 2017, from finding employment (see the US Jobs forecast), to understanding politics, discovering high performing best investments 2017 to researching the best cities to live or invest in.
From Los Angeles to New York to Miami – Rental Property Equity/Income is King
Interest in rental income investment and apartments is particularly strong now in places like Miamic, Dallas, Seattle and San Francisco. The Los Angeles housing, San Diego housing, San Francisco Bay Area housing markets are just a few to look at. Seattle, Denver, Dallas, South Florida, Palm Beach, and New York have a promising outlook too.
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. To see the future a little better, take a look at the Toronto real estate market, New York Real Estate Market, San Diego home prices report, and the market in the Bay Area. Find out what’s driving each of them.
How to Sell Over Asking Price | 14 Ways to Improve Your Selling Price | When Should I Sell My Home? | US Buyers Guide to Buying Cheap Canadian Real Estate | 10 Tips for Home Sellers Who Must Have the Best Price | Home Sellers Pricing Strategy | Better House Market Evaluation
Positive Factors Affecting US Housing Market
- 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 and incomes
- the economy will keep going – longest positive business cycle in history
The biggest factor even for 2017 is Donald Trump. The repatriation of business, investment and jobs back to the US may come with a big price — a high dollar and strong inflation. That will drive home prices higher, and renters will be desperate to start building financial equity and own a home in 2017 and 2018. Perfect conditions for real estate investors.
Check out the report on investments in rental property if you’re planning to buy in markets such as Los Angeles, San Francisco, San Jose, Silicon Valley, New York, Miami, Oakland, Phoenix, Seattle, Denver etc. Buyers are still dreaming in California a good look at the San Diego Real estate market, and the Los Angeles real estate market as economic indicators, and a fresh look at mortgage rates. To be on the safe side, see this post on the likelihood of a US housing market crash in the years ahead.
Housing Stats from NAR, Forisk, Trading Economics
These stats below are collected from top research and reporting companies including NAR, Forisk, Trading Economics, and other real estate market researchers. The data reveals US housing starts and resales are on the rise 2017 to 2020 and beyond. And given the huge Generation Y have put off home ownership and are coming into their key buying years up to 2030, sales of homes and condos are predicted to continue strong well past 2020.
Are you checking out home prices and the best zip codes to invest? Do you know how you’ll get the best price? Helpful posts for homeowners who want to ensure the best return on their key life investment, their home: 10 Powerful Tips for Home Sellers Who Must Have the Best Price and How to Sell Your Home for Above Asking Price. What are the best investment opportunties for 2017? Is buying million dollar luxury homes a good investing strategy?
Sharing is Good for your Social Health!
Pass this blog post onto your friends and neighbors because they should know as much about the forecast factors as possible before they buy or sell. It’s good to be helpful. Mistakes are painful!
Expert Predictions – US Housing
1. Expert Prediction from Eric Fox, vice president of statistical and economic modeling (VeroForecast) — The top forecast markets shows price appreciation in the 10% to 11% range. The top forecast market is Seattle, Washington at 11.2%, followed by Portland, Oregon at 11.1% and Denver, Colorado at 9.9%.
These economies have robust economies, growing populations and no more than two month’s supply of homes. In fact, the forecast of the Boston market increase sharply to 7.4% is due to reductions in inventory and unemployment. On the other hand, the worst performing market is Kington, New York with 2.5% depreciation, followed by Ocean City, New Jersey at -2.1%, Kingsport, Tennessee at -1.9% and Atlantic City, New Jersey and San Angelo, Texas tied at -1.4%. — BusinessWire
2. Pantheon Macro Chief Economist Ian Shepherdson explains that “Homebuilders behavior likely is a continuing echo of their experience during the crash. No one wants to be caught with excess inventory during a sudden downshift in demand. In this cycle, the pursuit of market share and volumes is less important than profitability and balance sheet resilience.” — Marketwatch.
Housing Construction Starts Will Slowly Rise
It’s predicted that new home construction won’t keep up with demand, however it is recovering and we’ll see more renters becoming homeowners over the next decade.
Forisk Research projects US Housing starts continuing at 1.5 Million per year to 2024 #ushousing #homes… Click To Tweet
|Are you looking to save money for a down payment, save money with the lowest car insurance, find the lowest mortgage rate, or get a free market evaluation? Are you a realtor looking for US real estate leads?|
Let’s begin with a look at how home prices have grown up to 2016. Nationwide prices are still $50,000 below the pre-recession highs. Will it take 3 to 4 more years to reach those highs? If construction rates do moderate, prices in the hot markets of Miami, San Francisco, Los Angeles, San Diego, New York, Boston, and Phoenix should rocket to all time highs but what is the risk of a housing market crash?
Mortgage Rate Trends
Mortgage rates are forecast to stay low. Yet recently, mortgage rates have risen above the 4% mark and homeowners are locking in their home loans at the 30 year period. Some are calling this the Trump Effect. With Trump in power, lending requirements are expected to be eased, land opened up for development, and this should stimulate home purchases. With employment growing and wages moderating upward, the market is set for growth. Yet, some housing forecasters still cling to the idea that housing starts will moderate after strong growth to 2020.
US Housing Starts to 2024
This enlightening stat in the graphic below shows the US economy hasn’t recovered from the great recession and housing crash of 2007. Single family spending is rising rapidly, yet no one believes conditions for high inflation exist. It points to years of solid, healthy growth ahead with an unfulfilled demand for single detached homes.
2016 Non Farm Payrolls
With the price of oil forecast to be rising again, it’s unlikely that economic winds will inflate wage demands. From 2017 on, wage demands should ease from their hot rates as you can see here:
US Housing starts are forecast to grow strong this year and next, particularly single family homes which will rise about 30%.
Housing Starts Forecast to 2020 — Graphic courtesy of tradingeconomics.com/united-states/forecastEmployment Outlook: Let’s not forget jobs. Total employed persons in the US will grow 800,000 over the next 2 years.
Existing homes or resale home sales, may slow slightly but US construction spending will increase. Prices will rise to 2020 and construction spending will grow through 2020.
There you have a quick graphical synopsis of factors that will support a strong US housing market for 4 more years. Realtors who have feared investing in digital real estate marketing should calculate the long term value (LTV) of clients you build today.
What’s Your Personal Real Estate Sales Forecast?
Are you a full time realtor looking to grow your prospects and leads? Full service digital marketing is a bargain when it’s done well. What’s the forecast and trends for the real estate sales in your region? If you’re in Vancouver, Toronto, Miami, San Diego, San Francisco, and many other US centers, you’re probably grinning from ear to ear. But will you get your slice of that pie? Relying on real estate lead generation companies is another way you can go, however you have to pay forever and it’s questionable whether their leads are high quality.
My realtor marketing programs let you leverage the full mls listings with a powerful mls idx website, and capture more leads. I’ve enjoyed serving clients in Toronto, Boston, Chicago, Houston, Montreal, New York, San Diego, Los Angeles, Vancouver and San Francisco California, and you’ll be receiving the best possible digital marketing value possible.
Share this post on Facebook, Twitter, or Linkedin. It’s good to share!!
Latest Posts: Real Estate Investment | Homes for Sale | Apartment Rental Forecast San Francisco | Best Real Estate Videos | Toronto Real Estate Forecast | TREB Market Report | Los Angeles Real Estate Forecast | New York Real Estate Predictions | Housing Market Forecast | Future of Real Estate Marketing | Vancouver Condos | Toronto Condos | Lead Generation | Aurora Newmarket Real Estate Forecast | Real Estate Lead Generation | Aurora Homes | Auto Insurance | Digital Marketing Services | Mortgage Calculator | Mississauga Real Estate Forecast | Best Investment Tips 2017 | Palm Beach Homes for Sale | When should I Sell My House? | RETS IDX | Zillow Home Search | First Time Home Buyers | Canadian Home Buyers Guide | Million Dollar Homes
Bookmark this page and return for further housing market forecasts, predictions, expert opinions and market data for most major US cities including Los Angeles, Palm Beach, Miami, For Lauderdale, Orlando, Boca Raton, Wellington, Delray Beach, Boyton Beach, Phoenix, Denver, Seattle, Chicago, Boston, New York, Dallas, Houston, San Antonio, Austin, St Louis, Minneapolis, Green Bay, Charlotte, Tampa, Toronto, Vancouver, Montreal, Ottawa, Oshawa, Hamilton, Newmarket/Aurora, Richmond Hill, Oakville, Calgary, Kelowna, Mississauga, Anaheim, Beverly Hills, Malibu, San Diego, San Francisco, San Jose, Fresno, Santa Clara, Sacramento, Mountainview, Palo Alto, Portland, Washington, Atlanta, Irvine, Nashville, Sunnyvale, Salt Lake City, Riverside, Rancho Cucamonga, Costa Mesa, Thousand Oaks, Simi Valley, Raleigh, Albuquerque, Glendale, Oceanside, Long Beach, Huntington Beach, Carlsbad, Santa Clarita, Henderson, Mesa, Temecula, Kirkland, Redmond, Kansas City, St Louis, Stockton, Scottsdale, Palm Springs, Indianapolis, Columbus, Colorado Springs, Fort Worth, Chula Vista, Escondido, Santa Monica, Miami Beach, and Honolulu.