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

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