10 Up-And-Coming US Housing Markets To Watch In 2015 : Source: Finance:– First-time buyers will make a comeback into the housing market next year. That’s according to Realtor, which forecasts strength in the US housing market in 2015. “The residual financial effects of recession-driven job losses and subsequent unemployment have impeded millennials’ entry into the home-owning market,” writes Jonathan Smoke, chief economist for Realtor. “In 2015, increases in employment opportunities will empower younger buyers to return to the market and fuel the continued housing recovery.” Realtor recently released its list of “Top 10 Markets for Housing Growth in 2015.” These cities have a great deal of new construction, and their job markets are attractive to young professionals. They range from large metros like Los Angeles, forecast to see increased home sales, to small and affordable cities like Des Moines, Iowa. Atlanta-Sandy Springs, Georgia. Local Metrics: Household growth formation ranks seventh in forecast household growth over the next five years. Home sales are expected to grow 11%. Comment: The Atlanta metropolitan area has the eighth-largest economy in the US and the 17th-largest in the world. Source: Realtor Dallas-Fort Worth-Arlington, Texas Local Metrics: Household formation ranks first in forecast household growth over the next five years. The volume of home sales is expected to be up 7%. Comment: Dallas has more shopping centers per capita than any city in the US. Source: Realtor Denver-Aurora-Broomfield, Colorado Local Metrics: Growth in home sales is expected to be up 14%. Housing supply is tight. Comment: Denver is the second-best city in which to launch a startup among the 50 most populated cities, according to a Forbes ranking. Source: Realtor See the rest of the story at Business Insider Continue Reading….. ift.tt/1wOqW79
Posted on: Sat, 20 Dec 2014 16:05:08 +0000
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