The market survey defendants expect housing turns to rise from 650,000 in 2014 to 700,000 in 2015 to 815,000 in 2016 and more than 900,000 by the end of 2017. The average price of existing homes in the U.S. is expected to rise by 5% in 2015, 4% percent in 2016 and 4% in 2017.
Mobile, AL -- (SBWIRE) -- 04/22/2015 -- The industry of real estate is predicted to remain on a sustainable course of solid growth from 2015 through 2017, according to a new three year forecast from the ULI (Urban Land Institute) Center for Real Estate and Capital Markets. The overall outlook is based on the survey of 43% of the industry's top economists and analysts representing 32% of the country's top leading real estate investment, advisory, and research companies and organizations.
An analysis of the real estate marketing survey findings from the Urban Land Institute leader "William Maher", who is director of NAS (North American Strategy) for LaSalle Investment Management in Baltimore, highlights, places of the industry and overall budget that are making the most buoyant for 2015 through 2017.
The prediction also stated, there is also 2.9 million per year job growth expected, compared to a long term average of 1.2 million. Huge demand for real estate property, particularly apartment and office, will stay strong. Low redundancy rates should lead to strong wage growth, though shortages of skilled workers may surface.
In general, the performance of most profitable property sectors, as measured by vacancy rates, total returns, rental rates and product availability is exceeded or hold close to the many year averages for each category likes- office, apartment, hotel and industrial warehouse.
About Sam Winter & Company, Inc.
Sam Winter & company, (http://www.samwinter.com), based in Fairhope, AL, is one of the significant residential and industrial real estate business. The firm provides the best-in broker and advisory solutions for real estate property purchasers to explore for houses within the beach sides of AL such as for instance Mobile, Daphne, Orange beach, Fairhope, and Spanish fort.
For more information and other media related inquiries, please contact:
Contact Name: Green Circle Agency
Contact Email: firstname.lastname@example.org
Complete Address: P.O. Box 1085 Fairhope, AL
Zip Code: 36533
Contact Phone: 800-773-6503