The Realtor 2017 national housing forecast placed Orlando among the fastest-growing top 100 metro areas.
A licensee of the National Association of Realtors and a subsidiary of News Corp.(Nasdaq: NWS), Realtor released a 2017 forecast for the top 100 metros in both new and existing single-family homes and condos.
Realtor forecast sales growth of 6.3% and price gains of 5.8% in the top 10 markets, in order: Phoenix; Los Angeles; Boston; Sacramento, Calif.; Riverside, Calif.; Jacksonville; Orlando; Raleigh, N.C.; Tucson, Ariz.; and Portland, Ore.
The big question for the entire housing market is what will happen with interest rates. Many experts expect them to increase thanks to action by the Federal Reserve and economic growth. Realtor forecasts a 4.5% interest rate for mortgages, an increase of 50 basis points. Higher interest rates make homes more expensive to finance.
