With home prices on the rise, international companies breaking into the U.S. travel space and the election almost over, Starwood Capital Group Chairman and CEO Barry Sternlicht said Monday that he is bullish about the future of the real estate market.
Sternlicht said that his company's broad reach across the real estate space — with hotels, apartments and malls in the United States and abroad — enables him to view the market on a broader scale.
"I think you can see acceleration in spending, incomes are rising," Sternlicht said. "I'm seeing that real estate markets, in general, have never been better in the United States."
He told CNBC's "Squawk Box" that rising prices of apartments and single-family homes were major contributors to the real estate market's success.
Sternlicht said some of the more major U.S. markets were buckling, taking a backseat to more up-and-coming cities like Seattle.
"There are more cranes in Seattle downtown than any city in the country, more than San Francisco and New York combined," Sternlicht said.