Real Estate news site Inman recently released their Real Estate Industry for 2017 which they surveyed some of the industry’s top executives (among other respondents) who were nearly unanimous in saying that 2017 will be another strong year for real estate and are hoping that freed up inventory, spurred on by higher interest rates, will motivate buyers into taking action. Indeed…
“Thanks to the momentum driving the housing market — good employment, rising salaries, high-earning millennials with an interest in homeownership who are unhappy with high rents — our research found there is good optimism about the housing market in 2017, with 27.43 percent of respondents saying they are extremely optimistic and a further 45.13 percent describing themselves as somewhat positive, while 11.95 percent are ambivalent.”
Inman’s key takeaways:
- There is solid optimism about the housing market in 2017, with 27.43 percent of respondents saying they are extremely optimistic.
- More than half of this survey’s respondents (52.21 percent) expect President-elect Donald Trump to have a positive effect on the U.S. housing market.
- A strong majority (71.24 percent) of respondents have plans to expand their businesses next year.
- Nearly 50 percent of respondents think unit sales will go up in 2017, and 75 percent of those surveyed think that prices will go up.
