A Glimpse Into The Real Estate Crystal Ball: Real Estate Forecasts for 2017
As the buzz of New Year celebrations have settled down, many people are taking a closer look at the pulse of the real estate market for the year ahead. Whether you are considering buying a new home or selling your existing home, 2017 is looking like a promising year for your potential real estate transactions! Kicking off 2017, Realtor.com has released their yearly forecast, predicting a sales volume increase of 4.17% across the southern Florida market. Despite South Florida’s strong population growth and stable job creation, 2016 saw a decrease in home and condo sales – making this year’s sales prediction music to the ears of Realtors and investors! “There is more inventory on the market [in South Florida] than a year ago and prices haven’t fully recovered so it is more of a value play for buyers than other parts of the country” says Jonathan Smoke, chief economist at Realtor.com . Additionally, our neighbors in Jacksonville and Orlando, FL are among the top 10 markets e...