The biggest challenge for buyers in 2017 isn't just price—it's availability. Inventory is down approximately in major metros. Builders are only producing new homes at about 60% of their historical rates , leading to a serious shortage of "starter homes".
While a 1% jump might not seem like a dealbreaker, it can add roughly for the average home. If you’re on the fence, locking in a rate sooner rather than later could save you thousands over the life of your loan. 2. The Inventory Crunch is buying a house a good investment 2017
For years, homebuyers enjoyed historically low mortgage rates, but that tide is turning. Rates reached as low as , but experts at Realtor.com and the NAR predict they will climb toward 4.5% to 4.6% by the end of 2017. The biggest challenge for buyers in 2017 isn't