Cincinnati Real Estate

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Kathy S. Koops GRI

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Housing Expectations for 2017

filed under: Real Estate posted on December 15th, 2016

Housing expectations for 2017 just released by the National Association of Realtors.

NAR inforgraphic on real estate

Some observations about the infographic: 

  1. Expect moderately rising mortgage rates
  2. Even modest rate increases will push some potential buyers out of the housing market
  3. Very low risk of a housing crash for most cities but not out of the question in overheated markets 
  4. Millennials buyers coming into the main home buying years but cannot guarantee they will fuel the future housing market
  5. Hopefully trending toward government deregulation
  6. So far, favorable results in stock market after elections
  7. Promised corporate tax cuts and other economies could ignite the economy and producing jobs which in turn pushes more buyers (versus renters) into the housing market.

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