US Property Market Trends Investors Should Expect
Property prices and competition have been rising consistently all over the US. The US is a lucrative market for the investors who are considering investing in rental properties, however, there are various challenges that the investors will have to overcome to secure a valuable property deal in the US.
From bidding wars and supply issues to high prices, experts have predicted a number of trends for the property market of the US. Here is a quick review of the trends investors should expect.
Trend 1: Positive Impact on the Housing Market due to New Policies
While the US has been facing political uncertainty lately, President Trump has guaranteed big spending on infrastructure, crackdown on illegal immigration and massive regulatory cuts. This will leave a positive impact on the housing market of the US.
Trend 2: Prices will Appreciate due to Declining Inventory
In 2016, the defining feature of the US real estate market was supply shortage. The trend is expected to continue this year as well. The increase in millennial home buying is likely to lead to price appreciation in addition to making it difficult for the foreign investors to enter the purchasing fray. As a result, getting assistance of an asset investment experts will not only be necessary but also be critical for all considering to invest in the US real estate market.
Trend 3: Prices will Rise, But Slowly
The prices in the property market are expected to rise, but more slowly despite a favorable political environment. According to a poll conducted of real estate analysts by Reuters, the property prices are expected to increase by a rate of 4% this year as compared to 5% in 2016.
To summarize, the initiatives of the government to support home ownership and promote infrastructure development are likely to have a positive impact on the housing industry of the US. This will present the investors with a number of opportunities. It is, however, important that investors work closely with asset investment experts who can help them in overcoming the barriers in investment and help them secure a deal which provides them high ROI. If you are buying homes in Prior Lake, MN, contact Loyal Partner Homes for expert opinion.