NAR’s 2017 “snapshot” does provide some positives

  • Home prices are expected to rise 3.9 percent nationwide.
  • Existing-home sales are predicted to increase 1.9 percent to 5.46 million homes.
  • The homeownership rate is expected to stabilize at 63.5 percent, after bottoming out at 62.9 percent in 2016.

New-home sales are expected to increase 10 percent and new home starts to rise 3 percent

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s