U.S. is in a Boom Phase!
By nearly every relevant metric, the economic backdrop pertaining to the property markets is in excellent shape. Real GDP growth has averaged approximately 2% per annum throughout most of this 9-year expansion, but it cranked up to over 4% in the second quarter of 2018, and the momentum will likely continue through this year and well into next.
Helping to bolster growth are massive tax cuts and government spending increases. The labor markets are also humming along, continuing to demonstrate strength beyond their years.