2017 Real Estate Projections

Are you curious about what the pundits are saying about the upcoming year in Real Estate? Here is a sampling: 

Fiscal Times: Rising prices will keep pushing up homeowners’ net worth.

CBS MoneyWatch: Millennials and baby boomers will be big buyers; home appreciation rates will normalize.

Realtor.com: Home prices projected to increase 3.9%; new home sales expected to grow 10%.

Nela Richardson: 2017 will be the fastest real estate market on record (measured by average number of days spent on market).

Home Buying Institute: Mortgage rates will rise gradually, but stay below 5%.

The Washington Post: Expect home sales and prices to moderate; suburbs will make a comeback.

Zillow: Homeownership rates will bounce back; rental affordability will improve as incomes rise.

Kiplinger: Rising national GDP, retail sales and jobs growth should result in steady demand for housing—as well as spurring price growth.

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