The housing market has been rough over the last six years, to put it lightly. However, this has been the best year in a long line of bad years, something that is great news for real estate agents, U.S. citizens and contracting business owners alike. After all, new housing purchases likely means plenty of opportunities for new HVAC installations.
Realtor.com Chief Economist Jonathan Smoke offered his hopeful list of hot housing markets for 2015. Markets include Washington, D.C., Atlanta, Los Angeles and Houston. One area that may be a surprise is Des Moines, Iowa, a new favorite for young professionals (and, of course, Millennials). Of this Midwest city, the website said:
While Des Moines might seem like an odd fit for a list of the hottest metros in America, Smoke sees encouraging signs.
Its high affordability and high levels of home ownership among millennials set the stage for strong housing performance next year, he says.
In fact, Iowa’s capital has been called everything from “The Best Place For Business” by Forbes to “The Wealthiest U.S. City” by the “Today Show.”
As further proof, the local economy continues to click along quite nicely. The city is seeing record levels of employment, Smoke added, and the unemployment rate is well below the national average.
Is your contracting business in the area of any of these cities? Do you expect the housing market to help increase business? Let us know your thoughts!