The 2017 national real estate market is predicted to grow compared to the last two years, across the majority of economic indicators. Home prices are anticipated to increase 3.9 percent and existing home sales are forecasted to increase 1.9 percent to 5.46 million homes. Interest rates are expected to reach 4.5 percent due to higher expectations for inflationary pressure in the year ahead.
Experts are forecasting the homeownership rate will stabilize at 63.5 percent after bottoming at 62.9 percent in 2016. New home sales are expected to grow 10 percent, while new home starts are expected to increase 3 percent. The forecast is based on GDP growth of 2.1 percent, a 2.5 percent increase in the consumer price index and unemployment declining to 4.7 percent by the end of the year.
Author:Krishna Ganatra Phone: 615-419-2989 Dated: December 30th 2016 Views: 2,405 About Krishna: Krishna moved from Southern California to Tennessee in 2008. After the move, she cannot imagine call...
View our latest blog posts in your RSS reader. Click here to access.
Working from sign up to the closing table.... "We provide the best service to our clients with respect to buying or selling real estate, marketing, staging, advertising, follow-up and negotiating the deal to your benefit whether it is a sale or purchase of your dream home".
The 2017 national real estate market is predicted to grow compare
"We hired Victor to sell our first home. He came in with a crew to fix and clean the place.
We sat back and he managed our listing until the very end. He got it sold within a week.
After we sold our home, Victor guided us to take advantage of the current real estate boom in Nashville.
He educated us, guided us, and patiently answered all our queries.
Today, we have gone through multiple transactions with Victor on our side.
Victor is hands-down YOUR GUY and not just another realtor. He will ensure your best interests and well-being are taken care of.Less