Hows The Real Estate Market Find Out What The Experts Are Saying

Dated: 06/08/2017

Views: 46

How's the Real Estate Market? Find Out What the Experts Are Saying | MyKCM

As we head into summer, it is a great time to review how the 2017 real estate market is doing so far. Here is what the experts are saying:

Doug Duncan, Fannie Mae Chief Economist

“Positive demographic factors should continue to reshape the housing market, as rising employment and incomes appear to be positively influencing millennial homeownership rates.”

Diana Olick, CNBC

“Even as more homes come on the market for this traditionally popular sales season, they're flying off fast, with bidding wars par for the course. Home prices have now surpassed their last peak, and at the entry level, where demand is highest, sellers are firmly in the driver's seat.”

Daren Blomquist, Senior VP at Attom

"I am guessing we will see it get even better… If you are considering moving, it could be a really good time to sell."

Lawrence Yun, NAR Chief Economist

"The early returns so far this spring buying season look very promising as a rising number of households dipped their toes into the market and were successfully able to close on a home last month. Although finding available properties to buy continues to be a strenuous task for many buyers, there was enough of a monthly increase in listings…for sales to muster a strong gain. Sales will go up as long as inventory does."

Mark Fleming, First American Chief Economist

“Despite higher mortgage rates, the potential for home sales increased on an annual basis driven by steady income and job growth, along with a surge in building permits. While it may be a little late for this spring, the increase in building permits is a welcome sign that some relief may be in sight for the inventory shortages that are holding back many markets from realizing their full potential this spring.”

Joanne Mills

Joanne Mills is an award winning, full time REALTOR who has been making her client's dreams realty for over 15 years. A lifelong resident of Amityville, located on the boarder of Suffolk & Nassau Cou....

Latest Blog Posts

Listing In Lindenhurst Lista De Venta

Welcome to the OPEN HOUSE  8/20/17  1 to 3 pm;

Read More

Home Selling Workshop In Lindenhurst

Your Dream Home is only a move away!  In the last few years we have seen a significant growth of equity in your neighborhood. Homes bought at the bottom of the market from 2010 thru 2013 are

Read More

HOME SELLING WORKSSHOP

JOIN US FOR OUR UPCOMING TO LEAR MORE the equity in your home can give your family the ability to move up with no out pocket cost and possibility no increase in monthly payments.FREE Workshop To

Read More

YOUR DREAM HOME IS ONLY A MOVE AWAY SEMINAR

in the few years we have seen a significant grow of equity in your neighbor. home bought  on 2010 to 213  at  potentially  worth 255 or more. The equity in your home

Read More