Here We Go! 2017 Housing Forecasts…

Housing is expected to downshift next year as the post-election economy sets in, driven by a deceleration in home price growth, according to realtor.com®’s recently released 2017 housing forecast….Mortgage rates, which last week trended above 4 percent for the first time this year, are projected to reach 4.5 percent, according to the forecast. The Federal Reserve is widely expected to raise the key interest rate in December….Leading positive price movement—though lessened compared to 2016—will be the Phoenix-Mesa-Scottsdale, Ariz. area, ranked the No. 1 housing market of 2017 in the forecast. The area is projected to see prices grow 5.94 percent and sales grow 7.24 percent. Full Article

Snail on Staircase

 

 

About Farhat and Associates Real Estate

Professional - Our early careers were in Accounting, Property Management, and Technology fields. Both Aziz and I found our passion for real estate as we started in the industry as Investors. Since 2004, we have devoted ourselves to this business on a full-time basis and have sold 100s of homes for our clients. Personal - Our passions are our family, our dogs, outdoor activities, reading, photography, golfing, and discovering new foods/restaurants.
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