Housing-News-Report-January-2017

Contents

FEATURED ARTICLE

Seven prominent real estate economists give their prognosis on what lies ahead as we begin a new year, including how President Trump could impact housing in 2017. P1 2017 ECONOMIC OUTLOOK: SEVEN ECONOMISTS FORECAST THE 2017 HOUSING MARKET

P13 SURVIVING REAL ESTATE IN 2017

By Bruce Norris, president of the Norris Group. Veteran real estate investor, hard money lender, real estate educator and renowned author Bruce Norris looks at what to expect in housing in 2017. In 1997, Norris wrote “The California Comeback,” a report that foresaw the recovery of the Golden State’s housing market. In 2006, Norris penned “The California Crash,” which accurately predicted the housing downturn. Read what he has to say now about the California real estate market. The Cleveland housing market is a study in contrasts. Home prices are on a winning streak, up for 18 consecutive quarters to just 5 percent below their pre-recession peak. But the share of homes still underwater in the metro area still ranks third highest in the nation behind Las Vegas and nearby Akron. Local experts give insight into the opportunities and risks in the Cleveland market, and whether the true nature of the market looks more like its NBA Championship Cavaliers or 1-15 Browns. P16 CLEVELAND HOUSING: A TALE OF TWO TEAMS

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P25 BOOK REVIEW ‘BIG SHIFTS AHEAD:

DEMOGRAPHIC CLARITY FOR BUSINESS’

By John Burns and Chris Porter. In “Big Shifts Ahead,” authors Burns and Porter argue that broad demographic changes will reshape housing in America, creating new opportunities for businesses of all kinds. From the rise of affluent immigrants to the growing ranks of female executives, big shifts in America’s population will have profound impact on U.S. residential real estate.

P29 LEGAL BRIEFS

P30 NEWS BRIEFS

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