NAR Forecasts Heated Housing Market In 2017

NAR Forecasts Heated Housing Market In 2017


WEB-KeyHouse.jpgPredictions from the National Association of Realtors, the Mortgage Bankers Association, Fannie Mae and Freddie Mac show that home sales are going to heat up in 2017, according to a blog by NAR. NAR predicted existing home sales will reach 6 million in 2017, an increase from this year’s forecast of 5.8 million, according to the blog. MBA predicted home sales will reach 5.75 million and Fannie and Freddie forecast home sales will come in at 6.2 million.

As for the rest of this year, the summer housing market saw high demand next to rising home prices, but don’t expect autumn to bring any relief. In fact, it could bring the most prolific fall in a decade, new data from realtor.com shows.


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Dated: October 7th 2016
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