In its broadest definition the real estate sector accounts for 15% of the GDP of the United States of America. That has not recently been the case, but if you expect the U.S. economy to really take off like a race car this year it will be fueled by the real estate sector. Lending standards have been tight following the real estate bubble, builders who survived that bubble have understandably been cautious about expanding their operations. 1. Foreign Buyers Prices are being driven up to the unaffordable range in places like, Boston, New York and Los Angeles by an influx of foreign buyers. Lately … (2 comments)
2017 Housing Trends to Watch
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