The US Housing forecast is looking really good for 2017 and beyond...in particular after twelve excruciating months of 2016, Forbes reports.
A quick search of our local Zillow Tampa Bay area housing value trend shows a rise of 14.7%. If a house was worth $202,000 in 2007 right before the housing market collapse, by January 2018 the price will be back to $188,000...only $14,000 less than the peak value of that house. It makes complete sense to start planning your next construction project while the mortgage rates are still low.
Today's Tampa Bay Times reports how hot Florida market is, only after California. An interesting comparison of our Tampa Bay area counties reveal that Hernando County shows the highest percentage increase in the Median price of homes between 2015 and 2016. A home worth $118,000 in 2015 is $142,000 in 2016 - a 20.3% increase. All indications are that 2017 will be a year of continued growth and optimism in the construction industry as a whole.