Is 2017 the Year to Move Up to Your Dream Home? If So, Do It Early!
, it may be better to do it earlier in the year than later. The two components of your monthly (home prices and ) are both projected to increase as the year moves forward, and may increase rather dramatically. Here are some predictions on where rates will be by the end of the year: “While full employment and rising inflation are . The higher rates and higher prices create significant affordability concerns, which may continue to characterize the housing market for the rest of 2017.” “By the time we get to the , we will still be under 5 percent – we are thinking …Something north of 5 percent by the time we get to 2018, and by the time we get to 2019, we show fourth-quarter rates hitting 5.5 percent.” “Despite some regional disparities, title agents and real estate professionals do not expect increasing mortgage rates to have a significant impact on the housing market this spring. Continued good economic news, increasing Millennial demand and confidence that buyers will remain in the market even if .” “We will probably .” If you are feeling good about your family’s economic future and are considering making a move to your , doing it sooner rather than later makes the most sense.