Local Economy Over National
The 2018 RCLCO Momentum Index of For Sale Housing is now out. The nationally recognized research firm’s Index shows which US housing markets have local economic fundamentals than tend to have greater cyclical impacts than those of national or regional fundamentals. (“US Recession-proof” may be too strong a term – or is it?)
and the Top MSA’s are…
#1 Orlando ranks first in projected percentage population growth through 2Q 2019, and demonstrated strong employment growth over the past 12 months relative to its share of U.S. jobs.
#2 Austin maintained its number-two ranking given strong employment growth driven by significant domestic in-migration resulting from its robust technology sector and corporate relocation. (I have a soft-spot for Austin :)
#3 Phoenix performed well over the past 12 months with strong employment and population growth leading to an uptick in permitting activity, which is expected to continue over the next 12 months.
The 2018 Housing Momentum Index
Enjoy the full article here.