[dropcap]D[/dropcap]ear Terese,
How do you feel like the real estate market will fair in 2017?
Ken
Dear Ken,
None of us have a crystal ball, but several contributors to The Residential Specialist publication, published by the Council of Residential Specialists (CRS), have mentioned the following indicators. I agree, it should be a good year! Existing home sales will climb, mortgage rates will increase (a little), home values will grow (3-4%) home ownership rate will stabilize, some markets may see price corrections (Austin included) and inventory woes will not change. With low interest rates, some home owners are deciding to stay in their current homes. Our local market is brisk and inventory is low – if you’re ready, now is a great time to sale your property!
Dear Terese,
Our home is under contract. The buyer has a lender and the appraisal came in lower than our sales price. Does this happen often?
Terri
