Is It A Good Time to Buy or Sell? Housing Market Predictions for 2017

What’s in store for the Housing Market in 2017?

We’re a few months into the year and many potential buyers and sellers are wondering, is this a good year to get into the market?  Many current homeowners are thinking about the value of their homes, even if they are not thinking of listing anytime soon.

The below information provides an overview of what’s in store for the American real estate market this year based on expert predictions and current price and sales data.  These forecasts provide inside into current trends and paint a picture of what may happen this year.  However, while our market may appear similar to the national market, local and regional factors may play a role in specific forecasts for our market.

If you would like to know more about our local market, want to know how much your home is worth, or are thinking of buying or selling, give us a call.  We’d love to discuss the market with you and assist you with all your real estate needs.  Feel free to contact us directly at 713-557-7095 or email

Looking forward to hearing from you soon. #TheVillarrealTeam #remaxintegrity


What does the future hold for the housing market in 2017?

Experts have weighed in and one thing is for sure; The housing market is set to heat up this year!

Home sales are expected to increase.

Existing homes sales are expected to reach 6 million, up from 5.8 million in 2016.

Projections for total single family home sales for 2017

  • National Association of Realtors – 6 million
  • Fannie Mae – 6.2 million
  • Freddie Mac – 6.2 million
  • Mortgage Bankers Association – 6.5 million

Housing Appreciation is up.

Most markets report an increase in home appreciations, with the increases hitting near 10% in the hottest markets, which have growing populations and tight supply.

Top 3 markets for Home Appreciation are:

  1. Seattle, WA
  2. Portland, OR
  3. Denver, CO

Make way for First-Time buyers.

Millennials are expected to strengthen home and condo sales into 2020.  Sales by first-time buyers reached a four-year high in September at 34%.

Rental affordability is one of the biggest factors for first-time home buyers deciding to buy.  Rent prices will keep getting higher.

The Mortgage Reports
Dun & Bradstreet
Keeping Current Matters
REALTOR Magazine