Los Angeles Real Estate Business Market Update 2017 – Winston Rowe & Associates

Los Angeles Real Estate Business Market Update 2017 Winston Rowe &a...

Nationally economists are forecasting that the U.S. market on average will see home prices increase 3.9 percent and home sales grow 1.9 percent in 2017, because of the election of President Trump's business friendly and job creation economic policies.

The U.S. GDP growth will rise to 2.1 percent in 2017. That's better than the 1.9 percent estimated for 2016 and the same as 2015's growth rate of 2.1 percent.

The increase in Gross Domestic Product will flatten to 2.0 percent in 2018. That's according to the most recent forecast released at the FOMC meeting on December 14, 2016 taking into account the impact of President Trump's promised to increase economic growth to 4 percent.

With more than 95 percent of first-time home buyers dependent on financing their home purchase, and a majority of first-time buyers reporting that they feel very confident about the U.S. economy.

The vast majority of Californians are certain that President Trump will create massive economic growth in 2017, with more of the pundits are coming around to say his policies are having a very good impact.

The US economy will pick up steam and Californians will be buying a home again even if they have 1 plus hour commutes, higher interest rates, and out migration to remote towns.

Winston Rowe & Associates prepared this article their primary o...

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