Most don’t like to predict, but I found an article written
by Forbes who polled their “experts”
Forbes 8 points of predictions for 2017:
1. Home prices will rise, but slowly – slower than in 2016
2. Inventory of homes for sale will remain low, but there will be a few more than 2016..
3. Interest rates will be volatile. Expect a rise but not too much, we hope.
4. Credit availability may improve – maybe. Trump will loosen up on banks, banks may not loosen up on their requirements.
5. Affordability will worsen: Wages are expected to grow in America's big cities this year, but the share of homes affordable to someone earning the median income is not.
6. More Millennials will enter the market. At one time it was thought they would never buy.
7. A Sellers market will remain, buyers competition will increase.
8. Political uncertainty replaced by policy uncertainty. The Trump effect is unknown and uncharted territory.
