With drastic events in the real estate industry like the mortgage interest rate increase this year, it's not uncommon for one to wonder what the future has in store for us.
Sources:
Mortgage Bankers Association (MBA) - As the leading advocate for the real estate finance industry, the MBA enables members to successfully deliver fair, sustainable, and responsible real estate financing within ever-changing business environments.
The National Association of Realtors (NAR) - The largest association of real estate professionals in the world.
Freddie Mac - An organization which provides liquidity, stability, and affordability to the U.S. housing market in all economic conditions extending to all communities from coast to coast.
Fannie Mae - A leading source of financing for mortgage lenders, providing access to affordable mortgage financing in all markets.
Here are their projections:
Every source sees home sales growing next year. For more on your neighborhood, contact a local real estate professional.
Reference: https://bit.ly/2F63ui6
www.NYREEX.com
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