Answering the challenge of Praful Thakkar 's Crystal Ball's question of what do I see for the future of Real Estate in 2017 I will give you my vision of the Minot ND market.
North Dakota is home to the perfect trifecta of energy, Oil, Coal, and Wind.
The incoming administration, love them or hate them, will be very kind to energy, all forms. Their embrace of domestic sources of energy will be a huge boom for North Dakota, not just the Western part of the State but also the politicians in the East who love to confiscate it (yes I'm talking about you Fargo).
The cities in the West that will benefit the most will be (in order) Williston, Dickinson, Bismarck, and Minot. Bismarck will benefit like Fargo because it is the capitol of ND and those politicians like all politicians love to confiscate the peoples money.
My crystal ball says that Minot North Dakota will grow substantially in the 8 years of the Trump administration and continue to in the 8 years of the Pence administration. If I were to guess I'd say that we would grow from the 50,000 people here now to 100,000 in those 16 years if not even in just the first 8 years. But what about THIS year, 2017.
I expected 2017 to start out slow, and it is a bit anemic, but the price of oil is already starting to rise and activity in the oil field is picking up. I think by mid summer what is/will be happening in the oil field will once again be classified as a boom.
This time around I think it will be a little tamer. Our infrastructure is still not ready for the kind of growth but ready or not... here it comes. If you doubt what I'm saying just think about snow removal this winter.