Can we predict
what will happen
in 2017 given
the strong
markets of the
past two years?
While it's all
speculative, we
can make a few
guesses. For
instance, rates
could move
higher, based on
our President-
elect's fiscal
and stimulus
agenda. Even so,
interest rates
should remain at
historically low
levels.
Another thing to
look for is more
millennials
buying homes.
According to the
National
Association of
Realtors,
millennials who
have paid down
their student
loans and built
up their cash
may be in a
position to buy
more house than
even most
real-estate
professionals
might think. And
right behind
them is Gen Z.
Their elder
members will hit
their 18th
birthdays in
2017, and as
they come of age
with low
interest rates,
better job
prospects and
higher wages to
help cushion the
high costs of
college
education,they
likely could be
a generation
that strongly
values
homeownership
and will
continue to
drive the real
estate market
for a long time
to come.
Stay tuned to see what the new year brings. Here's to 2017!
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