Most experts are predicting a solid year for the US housing market come 2017. They see 160,000 new homes being built per year through 2024 as well as 6 to 6.5 million existing home sales. A few factors that will positively affect the housing market are:
- Moderately rising mortgage rates
- Millennial buyers
- Low risk of housing crash for most cities
- Labor shortages pushing up cost of production
- A trend to government deregulation
Enjoy the holidays with happy thoughts of buying and selling in the new year! Contact Scott or Kelli Nold of The Nold Team with any questions you may have regarding your potential move at Info@SoldByNold.com.
