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Park City Housing Market Predictions for 2017
  Nancy Tallman January 10, 2017 0 National Predictions I have been reading a lot of predictions for the United States real estate market. Here are the themes I see repeated:
There will continue to be low inventory, creating a “sellers” market. Interest rates will continue to rise. This will impact first time homebuyers more than luxury home buyers, as luxury homebuyers tend to pay cash or put down a larger down payment. Rising interest rates will make it more difficult for current home owners with good mortgages to move up and pay higher interest rates Annual home appreciation will slow to about 3%. If the Trump administration cuts taxes, this could have a positive effect on the luxury home market. Real estate generally follows 7-year “boom and bust” cycles and we are nearing the end of a 7-year boom. Most experts did not see signs of a real estate crash looming in the distance. The days when people bought homes with no money down and could walk away are behind us. How They’re Playing Out in Park City I’m currently working with buyers and sellers in all different boats. One of my clients is selling an investment property now because she thinks this ... more

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