As long as the fundamentals stay strong, residential real estate should see a solid year, despite rising interest rates.
The U.S. economy and its all important real estate sector face many uncertainties at the start of 2017. While much attention will focus on the impact of rising interest rates, as long as job creation continues at a solid pace, there’s plenty of room for residential and commercial transactions to flourish. According to NAR’s chief economist, Lawrence Yun, “The United States is a growing country, and its economy remains resilient in the face of many challenges.”
With expected growth across the board, and a record breaking 2016 – we also anticipate a strong market ahead as January comes to an end.