Market Predictions for the 2nd Quarter of 2017

Market Predictions for the 2nd Quarter of 2017

Maple Navarro

  • By February, we have what we call the pulse of the market.
  • However, since there has been an administration change, it has seems to have put some uncertainty into the market.

BUYERS:

  • If you are a buyer, interest rates are going up so it’s a no brainer for buyers because interest rates are going up.  Right now is a good time to buy before the interest rates rises even more.
  • Maybe this year or next year, we’re going to possibly cross the five percent mark. But for certain interest rates are rising and so it will cost more to buy in the future so buyers should buy now.

SELLERS:

  • The question that sellers will have is whether they should hold out or wait. Since interest rates are rising, buyers are going to have less money to spend because it will cost more to buy the same amount. Buyers are going to be a little bit more conservative. The market prediction is that it’s a good market for buyers and it’s a good market for sellers in the second quarter of 2017.