Thriving economies and low unemployment levels play a significant role in strengthening and stabilizing the housing market. In a recent report by Housing Wire, the national unemployment rate “remains stubbornly high” at 6.7%. But, similar to home price increases in pockets of the country, some states are poised to experience an economic and job growth boom over the next five years.
In Forbes’ article entitled, ‘The 10 States That Will Boom Over the Next 5 Years,’ Wyoming finds a spot at number 5. Forbes says, “Natural energy sources have spurred fast-growing per-capita income and new-job creation; Wyoming is seeing new business open at a rapid clip.” Right behind Wyoming, ranking at number 6, is the state of Washington. According to Forbes, Washington’s “Strong aerospace and technology sectors and a vibrant export economy” make it an excellent candidate for prosperity in the coming years. To see the entire list, visit http://onforb.es/1dwlLKS.