What will happen to mortgage rates, affordability, inventory and more
Mortgage rates are likely to continue to increase throughout 2017.
There will not be any easing in inventory, and affordability will still be a challenge in big markets.
The potential is there for a large number of first-time buyers to enter the buying market, but they will face new challenges.
It’s been one unprecedented 2016, between the Brexit vote, the continued persistence of low mortgage interest rates and an election that seemed to temporarily throw markets for a loop.
What will the 12 months encompassing 2017 hold in store for housing?
Inman asked eight different experts to give their take:
- Steve Cook, editor