The U.S Real Estate Market Outlook

The United States economy is the largest economy in terms of nominal GDP and the second largest when the parameter is purchasing power parity.The US economy recorded an exceptional performance in the second quarter of 2018. According to an estimate released by the Bureau of Economic Analysis, the economy grew at an annual rate of 4.2%. In fact, this was the highest growth rate recorded by the US economy after the third quarter of 2014.

The US real estate industry has been a major contributor to the country’s impressive economic growth, generating billions of dollars in revenue annually. This also gives investors ample scope to earn higher profits. In 2017, about 210,000 (Real Estate Brokers and Real Estate Brokers) were operating within the residential administration field, which together contributed about $ 200 billion in revenue.

The above figures clearly indicate that US real estate is growing and maturing constantly. In fact, 2017 was a year in which the North American real estate market witnessed some of the biggest transformations. In 2017, about 5.51 million existing homes were sold in the US. The forecast for 2018 reaches 5.5 million and for 2019 sale of existing houses increases even more reaching 5.67 million.

Real estate expert predicts that the Orlando region will increase real estate growth grow 28% by 2020 and 35% by 2021. According to some figures and trends recently released, there is a high level of demand for rental apartments in region of Orlando.

To conclude, there will always be demand for new homes, offices and other properties in the US, the prospect is that the real estate market in the country will continue to grow in the coming years.