HOME ONE REALTY Все виды ycnyr по куnnе-nродаже и инвестированию в Real Estate
With a new U.S. president from a different political party taking ofﬁce in 2017, few are expecting federal policies to remain as they have under prior leadership. The incoming president has a deep history in real estate development and has shown a strong interest in funding massive infrastructure projects, two points that provide intrigue for the immediate future of residential real estate.
After several years of housing market improvement, 2016, as predicted, was not a pronounced triumph but more of a measured success. Markets took a steady and mostly profitable walk from month to month. Even as supply was short and shrinking, sales and prices were often increasing.
Interest rates were expected to rise throughout 2016, but they did not. Just as happened in 2015, the Federal Reserve waited until December 2016 to make a short-term rate increase.
Incremental rate hikes are again expected in 2017. An economy that shows unemployment at a nine-year low coupled with higher wages inspires conﬁdence.
Mortgage rates are not expected to grow by more than .75 percent throughout 2017, which should keep them below 5.0 percent. If they rise above that mark, we could see rate lock, and that could cause homeowners to stay put at locked-in rates instead of trading up for higher-rate properties. Such a situation would put a damper on an already strained inventory environment.
Sales: Closed sales increased 3.4 percent to 85,691 to close out the year.
Listings: Inventory was lower in year-over-year comparisons. There were 18,091 active listings at the end of 2016. New listings decreased by 9.7 percent to ﬁnish the year at 126,613. Low home supply is expected to continue throughout 2017.