January 31, 2017
An improving economy is expected to make it easier for buyers to secure financing, with more people gainfully employed and qualifying for mortgages. Sites like Realtor.com and Iman.com are predicting that a growing number of first time home buyers will get into the real estate market this year, with strong demand for single family homes and townhouses. The sites also predict that the increased demand for homes will prompt builders to ramp up construction. In other words, a solid real estate market could get even stronger and healthier this year. For both buyers and builders, here are some projected trends for 2017 to keep in mind as the new year begins.