These Housing Market Trends to Shape 2017

According to today's article published in Forbes, "If the U.S. economy is to hit escape velocity in 2017, you can expect the real estate sector to serve as its rocket fuel."

Recently built home in Raleigh, courtesy of Forbes

The housing market is expected to contribute significantly more to the GDP due to builder confidence, buyer accessibility, low rates etc...

The top five trends that are proposed to shape the housing market in the new year include:

1. rising rates

2. more credit

3. more new homes

4. the continued rise of medium sized cities

5. foreign buyers aren't going away

Click HERE for the full article from Forbes!

In Pender, New Hanover and Onslow counties you will continue to see a rise in new home construction, increased buyer activity (especially in the beginning of this year) and more renters transitioning into the housing market due in part to rising rent cost, even among the military community.

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