By Dees Stribling | Multi-Housing News
According to Realtor.com, the national real estate market is predicted to slow in the coming year compared with the past two years.
for sale Washington, D.C.—According to the Realtor.com’s annual housing forecast, which was released on Wednesday, the national real estate market is predicted to slow in 2017 compared with the past two years, across the majority of economic indicators studied. But “slowdown” isn’t quite the right description, according to chief economist Jonathan Smoke, who worked on the realtor.com 2017 housing forecast.
“With more than 95 percent of first-time home buyers dependent on financing their home purchase, and a majority of first-time buyers reporting one or more financial challenges, the uptick we’ve already seen may price some first-timers out of the market,” Smoke said. “I would characterize our 2017 forecast as a moderation, as opposed to a slowdown.”
