REAL Estate PREDICTIONS TODAY May 25, 2017
Dear Home Buyers,

I wanted to give you some very important information about the Real Estate Market today. I am
here to inform you so that you can make the best real estate decision for 2017. After searching for current housing predictions for Virginia and some across the country I personally wanted to be informed about the real estate market to best help me and my family to invest. I also encountered consumers wanted to know more about the market so I decided to share this information with you. I have compiled information for you to make an intelligent decision moving forward in 2017. Below is just a few Real Estate Experts predictions for the future housing market. We’ve been spoiled with historically low interest rates, which haven’t risen despite threats to do just that over the past few years. No more.

“The kind of rates we were getting earlier this year, down to 3.5 percent — those days are over,” said Steve Cook, editor of Real Estate Watch.

I don’t believe we’ll see any pullback until after the inauguration, but even the best-case scenario suggests that the historically low rates that have been in place for the last few years are firmly in the rear-view mirror,” said Matthew Gardner, Chief Economist at Windermere “My forecast is for the 30-year fixed rate to rise above 4.5 percent by year’s end, and worst case scenario, knock on the door of 5 percent.”
predictions for 2017:

Zillow Predictions:

1. Cities will focus on denser development of smaller homes close to public transit and urban centers.

2. More millennials will become homeowners, driving up the homeownership rate. Millennials are also more racially diverse, so more homeowners will be people of color, reflecting the changing demographics of the United States.

3. Rental affordability will improve as incomes rise and growth in rents slows.

4. Buyers of new homes will have to spend more as builders cover the cost of rising construction wages, driven even higher in 2017 by continued labor shortages, which could be worsened by tougher immigration policies under President-elect Trump.

5. The percentage of people who drive to work will rise for the first time in a decade as homeowners move further into the suburbs seeking affordable housing — putting them further from adequate public transit options.

6. Home values will grow 3.6 percent in 2017, according to more than 100 economic and housing experts surveyed in the latest Zillow Home Price Expectations Survey. National home values have risen 4.8 percent so far in 2016.

Understand that this is a great time to invest in your real estate future while interest rates are still affordable. I work with a great team of professionals that will help you move forward in 2017 to acquire great real estate. I put buyers and sellers together for a common cause. Let me know if you want to sell your house or are interested in real estate as an investor or buyer either way you are investing in your future to establish equality for you and the economy. I can put you in a new home today! I’m ready for a hard workout for 2017 let me help you.
I look forward to enhancing your dream!

Sincerely,

Vivian Anderson, CSP
Real Estate Professional/Property Manager
Keene Woods Realty, LLC
[email protected]
757.620.3564