PHOENIX REAL ESTATE MARKET 2017 PREDICTIONS AND BEYOND

By
Real Estate Agent with Real Estate and Beyond, LLC SA535849000

PHOENIX REAL ESTATE MARKET 2017 PREDICTIONS AND BEYOND

 

 

The Phoenix real estate market continues to experience low inventories which results in home prices continue to increase. The chart above shows a natural path for 2016. The mortgage rates continue to say relatively low to keep people buying and selling real estate across America. We are looking forward to another busy year when it comes to Phoenix real estate.

 

PREDICTION #1

 

I am predicting that the real estate industry will continue to chug right along with no impact from new President elect Trump, Health care or international markets. I seeing more and more people that want to purchase a home vs renting a home. I believe the American people are feeling optimist at this time. Also, I predict that our local economy will continue to thrive and keep supplying jobs needed to purchase homes this year.

 

PREDICTION #2

 

I can almost guarantee that we will experience another crazy summer in real estate. Housing experts have predicted Phoenix to be the top rated housing market in America. We are looking at price gains of 6% and sales growth right around 7%. We will continue to experience low inventory which means prices will continue to increase since we will be in a sellers market.

 

PREDICTION #3

 

I am predicting mortgage rates will not go over 5% on a 30 year mortgage. Why? I have to believe that President Trump will want to continue to push the American economy in the right direction and do everything possible to avoid a recession at this time. I have to believe that mortgage companies will create mortgage products to put more people into homes this year with still tighter controls so we avoid another catastrophe like last time.

 

Finally, I am predicting that we all ActiveRain members will be busy in 2017 when it comes to real estate. More people will search for real estate professionals to assist them in purchasing real estate in their local market.

 

WISHING EVERYONE THE BEST IN 2017

 

 

Posted by

Make the Call, Set the Plan, Do the Deal$!

Feel free to listen to my Radio Show to learn more about the phoenix real estate market, new trends, and the latest opportunities.  The Real Estate and Beyond Radio Show Airs every Saturday from Noon-2:00pm on Conservative Newstalk KKNT 960am in Phoenix, Arizona.  You can listent to past shows, or stream on-line.

 

Phoenix Real Estate Resource Center

 

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Rainmaker
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Nick & Trudy Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtors, Philly Main Line

I agree with you on the mortgage rates and like your reasoning as well, makes sense. Here is to a wonderful 2017.

Jan 12, 2017 02:48 PM #1
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
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Harry hope your predictions are right.  It will be a good 2017 for the Phoenix area if you are.

Jan 12, 2017 03:14 PM #2
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Praful Thakkar
LAER Realty Partners - Andover, MA
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Harry F. D'Elia - I also hope that mortgage interest rates do not go over 5% - as this will become a factor for buyers not buying!

We all want the economy to do well - and at least for now, we see that happening.

Let's hope the rest of 2017 is nice to all of us.....lol!

Jan 12, 2017 06:53 PM #3
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Praful Thakkar
LAER Realty Partners - Andover, MA
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(And yes, thanks for your predictions of Phoenix real estate market, Harry F. D'Elia)

Jan 12, 2017 06:54 PM #4
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James Dray
Fathom Realty AR LLC - Bentonville, AR
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Good morning Harry. I believe your thoughts are the same as many.  Regardless of the new administration things are going to move and the housing market is going to be strong.

Jan 13, 2017 03:03 AM #5
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Harry F. D'Elia
Real Estate and Beyond, LLC - Phoenix, AZ
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Nick & Trudy Vandekar have a great year

Jan 13, 2017 09:45 AM #6
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Harry F. D'Elia
Real Estate and Beyond, LLC - Phoenix, AZ
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George Souto we are ready for the storm

Jan 13, 2017 09:46 AM #7
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Harry F. D'Elia
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Praful Thakkar the economy has to stay strong in my opinion

Jan 13, 2017 09:46 AM #8
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Harry F. D'Elia
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James Dray keep moving forward

Jan 13, 2017 09:47 AM #9
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD
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Thanks for sharing your predictions. Make 2017 your best ever year.

Jan 14, 2017 05:18 AM #10
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Harry F. D'Elia
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Roy Kelley see what happens

Jan 14, 2017 05:40 AM #11
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Harry F. D'Elia
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Praful Thakkar see what happens this year

Jan 14, 2017 05:42 AM #12
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Harry F. D'Elia
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All any more predictions from your side

Jan 16, 2017 03:30 PM #13
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Harry F. D'Elia
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There have to be more predictions from some more people

Jan 16, 2017 03:30 PM #14
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Apologize for this mistake, Harry F. D'Elia - I've send the request to award the points to you.

Feb 15, 2017 10:12 PM #15
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Harry F. D'Elia
Real Estate and Beyond, LLC - Phoenix, AZ
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Thanks for the follow up

Feb 16, 2017 04:07 AM #16
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