2017 Housing Market Economist Predictions
Economists are always looking into the future and making predictions about the direction of our economy. The housing market is a particularly important component of the economy and there are mixed indicators about what will happen in 2017. The consensus is as follows”
- Mortgage rates are likely to continue to increase throughout 2017.
- There will not be any easing in inventory, and affordability will still be a challenge in big markets.
- The potential is there for a large number of first-time buyers to enter the buying market, but they will face new challenges.
Are you planning to buy or sell a home in 2017? Call me for a translation of how these market predictions will change the Atlanta housing market. Sally English, Associate Broker, Realty Associates of Atlanta LLC. 404.229.2995