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Houston Texas Market Strong Headed Into The Summer Months
Dated: May 27 2017
How's the Real Estate Market? Find Out What the Experts Are Saying 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.”
Russell Banki-713-480-0889 REALTOR - Hite Properties, (ALHS) Accredited Luxury Home Specialist (CNE) Certified Negotiation Expert Best Priced Properties Team Certified Expert Home Buying and Selling Advisors. (CHSA)(CHBA) Ask us about our Smart Home Buying and Selling Strategy. CALL OR TEXT. As local real estate experts in The Woodlands, Spring, Shenandoah, Magnolia, Montgomery, Conroe and Greater North Houston/Houston TX Metro areas we can save you valuable time & money! Contact us today. It would be our pleasure to help you with all your residential/commercial buying, selling or investment needs. Clients First! We believe our clients should feel confident and benefit when purchasing and selling real estate!
Russell Banki ALHS, CNE REALTOR Hite Properties Cell: 713-480-0889 Best Priced Properties Team Montgomery & Harris County TX Real Estate Experts Clients First!Treating the relationship with f....
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