Recent forecasts from leading real estate and mortgage organizations predict a scorcher of a year for home sales in 2017.

The National Association of Realtors (NAR) is predicting existing-home sales to reach 6 million in 2017, higher than its 5.8 million forecast for this year. But other entities are calling for even hotter levels. The Mortgage Bankers’ Association is predicting home sales to eclipse 6.5 million next year, while Fannie Mae and Freddie Mac are both predicting 6.2 million.

Economists predict that Millennials who have been delaying home buying are now ready to jump and will continue to heat up home sales well into 2020. 

Seattle, Portland, Denver, and Boston are expected to be the top markets for price appreciation according to Eric Fox, vice president of statistical and economic modeling at VeroForecast. With tight inventories, strong economies and growing populations, demand is predicted to increase pricing in these markets especially.

We’ll continue to keep our eye on predictions and trends. If these initial forecasts are true, we better get ready for hot days in all markets.

Source: Realtor Mag

Questions? Contact David Krushinsky Today!
  • David Krushinsky

    David Krushinsky

    VP · Mortgage Consultant
    NMLS# 202115

  • What's Your Property Worth?

    Find Out Now!
    David Krushinsky


    (602) 456-2195 Email Us

    Thanks again for choosing Reasy Financial!


    Get in Touch

    Contact David Krushinsky

    David Krushinsky

    14100 N 83rd Ave B-230
    Peoria, Arizona 85381
    (602) 456-2195
    NMLS# 202115
    • Zillow

    Send an Email

    X David Krushinsky

    If you have any immediate questions or concerns don't hesitate to give us a call @ (602) 456-2195


    I agree to the following terms & conditions

    I hereby certify that the information given in my submission is complete and correct and is given for the purpose of potentially obtaining a mortgage loan and/or financial services applied for.