If the U.S. economy is to hit escape velocity in 2017, you can expect the real estate sector to serve as its rocket fuel.
At its most broadly defined, housing can be counted on to compose 15% of GDP. It hasn’t done that much heavy lifting lately, however. That’s because in the wake of the real estate bubble, lending standards have remained tight, while the cautious builders who survived the crisis have been reluctant to dive headfirst into expanding their operations again.
But there are signs that these trends are about to change. As the new year rolls on, we’ll fill you in on the health of builders and other key trends to watch below.
- Rising Rates
- More Credit
- More New Homes
- The Continued Rise of Medium-sized Cities
- Foreign Buyers Aren’t Going Away
Rick Kurtz is CEO of Resource Dynamics a real estate success training company. You can read Rick Kurtz Reviews on his website.