Predictions for 2017 and any year can and will be daunting.
With listings being at a low level as compared to 2008 most will feel the only way to go is up.
First lets start with a new president incoming whom if he provides some clarity and stabilizes the real estate market and economy in the first six months buyers and sellers who have been straddling the fence may become active.
Interest rate which have been at a historical low will rise and most predict them to be arounf 4.14% by the end of the year. This will effect buying power but we still should see an increase not only in existing sales but new builds as well. The new builds would definitely help with the shortage of home availability.
NAR and most experts and other real estate sites are predicting a modest increas of 3.5% in the values of homes. While we have had modest increases we still are not back to the higher levels from years past.
Another item the Dodd-Frank Bill may see some changes that will help get closings to the table faster but still keep buyers protected from prdatory lender's.
All in all it should be a better year than the roller coaster rides we have seen since the housing bubble.
If the sellers bring their homes to market it should be a good year as 85% of the sellers will be also buying.
We should be seeinf a lot more and for those that do themand of course