With the year 2017 just a month away, there are already certain expectations for the Stuart real estate market. After all, a pretty big population of millennials are now growing up and buying homes for sale in Stuart.
Meanwhile, more and more people should be purchasing Stuart homes for sale, as they seem to be relocating out of West Palm Beach and heading north into the suburbs. The property is larger and the prices seem to be lower. Also, president-elect Donald Trump will undoubtable have a profound effect on the Stuart real estate market.
According to predictions about the Stuart real estate market, the value of houses and apartments in Florida will increase more than 3.5 percent in the next year. This figure is follows our current year’s rise of almost 5 percentage points. In other words, if you have been thinking about buying a Stuart luxury home, now is an ideal time to make the investment.
The Stuart real estate market is expected to see smaller homes being developed than folks may be used to. At the same time, the new Stuart real estate options will be located much closer to retail centers. That’s fabulous news for folks who like to go out drinking and end up taking taxi cabs home at night.
One bit of information that may have many Stuart real estate owners pleased is the rising diversity settling down. Every year, minorities are less and less separated on the Stuart real estate market. Also, plenty of gay couples will be moving in right next door to traditional families. Times have certainly changed and communities have improved since the baby boomers’ generation.
Better yet, renting a room or a house on Stuart real estate will be easier than it has been in the past couple of years. Incomes are rising every day, while appreciation is going down. This is great news for Stuart real estate, along with the rest of the Palm Beach County housing market.
Those who buy new homes on Stuart real estate can expect to spend more money than they may be used to. After all, construction companies are charging more and more every year. To make matters worse, labor shortages in 2017 won’t help save you any money. And don’t expect our future President Trump to help when his new policies make it harder for immigrants to find work in construction.
As with any predictions about the Stuart real estate market, you can expect to see both good and bad points. While millennials would prefer a long-term home to purchase, labor shortages in the construction industry won’t exactly make it any easier for them to buy their own homes.
One thing that will be noticeable in Stuart is the decrease of dependency on public transportation. This is because more and more people are moving outside of town and getting their own cars. Fortunately for us all, we will still have plenty of options available for getting back to our beautiful Stuart homes.
About Berkshire Hathaway HomeServices Florida Realty:
Berkshire Hathaway HomeServices Florida Realty has 42 locations serving 19 counties throughout Florida and approximately 1,800 sales professionals. The full-service brokerage, founded in 1999, is a wholly owned subsidiary of WCI Communities, Inc. To learn more about the best Stuart real estate business, visit www.BHHSFloridaRealty.com today.
