The Real Estate industry is projected to grow over the next five years to reach over $176 billion. Rising home prices, increased sales and greater construction combined with higher homebuyer demand are anticipated to boost industry revenue. Furthermore, consumer spending will drive business expansion, and ensuing investor confidence in real estate will help raise commercial transaction volumes. Additionally, interest rates over the next five years will likely remain low, increasing housing affordability.
Furthermore, corporate profit is projected to rise at an annualized rate of 4.7% over the next five years, and businesses will be well-positioned to open new locations or relocate to larger offices.