10 States With Best Economic Prospects

Daily Real Estate News | Wednesday, December 28, 2016

North Dakota tops a list of states poised to have the healthiest economies in 2017, followed by Oklahoma and Texas. The list was compiled by business solutions site ExpertMarket.com, which culled data on housing, employment, and other trends in all 50 states. North Dakota had the highest growth in startup density of any other state, seeing an average increase of 5.56 percent in new business activity, according to the site. Its residents are also seeing the biggest growth in household incomes, with an average increase of 4.1 percent.

“There has been a huge surge in oil extraction in North Dakota, which has led to a steep rise in GDP growth and household income, which explains how they managed to take the top spot,” says Bobbi Brant, an ExpertMarket.com researcher who authored the site’s study.

States that topped the list represent those that have recovered from the recession the fastest and are continuing to see strong growth. “States that came out on top in our study have a bright future ahead of them, especially for 2017,” Brant says.

These are the 10 states that topped ExpertMarket.com’s list for strongest economic outlooks for 2017:

  1. North Dakota
  2. Oklahoma
  3. Texas
  4. Michigan
  5. California
  6. Montana
  7. Ohio
  8. Washington
  9. Minnesota
  10. Massachusetts

Source: “These Are the States with the Best Economic Prospects for 2017,” Fast Company (Nov. 30, 2016)

“Copyright National Association of REALTORS®. Reprinted with permission.”

This entry was posted in Mortage/ Finance News, Real Estate News and tagged , , , , , , , , , , , , . Bookmark the permalink.