Predictions for 2017

By
Real Estate Agent with Howard Hanna Real Estate Services 40CA1147997

  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

 

Posted by

 

 

 

Raymond E. Camp

Real Estate to a Close  

If you are considering buying or selling a home, lake frontage in Webster, Penfield, Perinton, Pittsford, Mendon, Honeoye Falls, Victor, Farmington, Canandaigua, Macedon, Walworth, Ontario, Williamson, Marion, Sodus, Sodus Point, Wolcott, Huron, The Finger Lakes and Lake Ontario feel free to contact me at 585.469.9199 or raymondcamp@raymondcamphomes.com or visit one of my websites  at http://www.nothnagle.com/raymondcamp

Make yourself a great day.

 

 

 

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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Hi Raymond

Thanks for sharing your predictions. I have some similar thoughts that I still have to share. WIll be interesting to see if your predictions come true!!

Jeff

Jan 18, 2017 11:52 AM #1
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Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
New Hampshire Home Stager

I'm hoping to sell my home but the problem is there isn't anything for me to buy!

Jan 18, 2017 02:23 PM #2
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Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Hi Raymond it us on many peoples mind. Thank you for sharing your crystal ball with us.

Jan 18, 2017 04:23 PM #3
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Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Raymond, thank you for your predictions.  I enjoy reading what you think the future will bring!

Jan 18, 2017 08:17 PM #4
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Raymond E. Camp - First, love your infographics for a roadmap to buying a house. Beautiful.

Next - your prediction with new 'management' - I am with you, We are already seeing the positive effects of this - at least in my market.

Jan 18, 2017 08:48 PM #5
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

When you mentioned - 'still not higher than the highest level', I am surprised. Most our markets have surpassed the 2005 levels in terms of price, Raymond E. Camp.

And it surely will be a good thing if 85% of the sellers will be buying.

Yes, it should be a smooth ride in 2017.

Thanks for your contribution to this contest.

All the best for 2017.

Jan 18, 2017 08:53 PM #6
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James Dray
Fathom Realty AR LLC - Bentonville, AR
Exceptional Agents, Outstanding Results

Good morning Raymond.  I think NAR has it predictions a little low.  I want to take a guess and say it will be closer to 5%

Jan 19, 2017 02:55 AM #7
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Raymond.  I think your predictions are based on a realistic look at what's going to happen.

Jan 19, 2017 04:58 AM #8
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Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

I am thinking a similar future for values. I do expect them to hile rates in spring, if sale stay strong, rates will stay up, if sales dip, mortgage rates will lower back down. Now only to predict this Saturdays Megabucks numbers Raymond E. Camp  

Jan 19, 2017 05:47 AM #9
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Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Hello Raymond E. Camp 

My market is well above the average on increase in pricing, mainly due to our on-going low available inventory of homes.  We are all shining our crystal ball(s) for 2017

Jan 19, 2017 06:21 AM #10
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Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Hope your predictions come true, Raymond E. Camp . Our market is up just under 9% this year, and was 13% last. We are anticipating another good year - if we can get the crazy weather we have been having to cooperate!

Jan 19, 2017 03:27 PM #11
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Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Hi, Raymond. According to a tweet from Senator Warren, one of the first actions President Trump took was to suspend the planned cut in FHA mortgage insurance premiums.  An auspicious beginning?

Jan 22, 2017 03:08 PM #12
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Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Some good predictions Raymond.  I am watching what happens this year with interest, I'm not really sure what to expect. -Kasey

Jan 30, 2017 09:52 AM #13
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Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Los Angeles CA

Without a doubt, 2017 is going to be a year of transition, not only in the political and policy arenas but also within real estate. It is driven by changes in legislative, MLS, and market forces. 

Feb 04, 2017 12:54 PM #14
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Raymond E. Camp

Licensed Real Estate Salesperson Greater Rochester
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