Dawsonville: 706-216-0099 | Macon: 478-785-0922 | Marietta: 770-422-1777 | Winder: 706-543-1542 | Toll Free: 1-866-56-BUILD
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The real estate market is a liquid thing; it's constantly shifting and moving. In 2017, it is expected to be no different. But, there are some factors that are shaping up to solidify, thus allowing experts to make their new homes forecast.
If you're planning on moving into a new home this year, then here is what the experts are forecasting for the housing market in 2017.
The western part of the United States is shaping up to lead the real estate market in 2017, especially western metro cities. Homes in those areas are expected to have a price increase of 5.8% and a sales increase of 4.7%. In comparison, the rest of the country is expected to average a home price increase of 3.9% and a sales increase of 1.9%.
According to Realtor.com, the top ten metros in 2017 are expected to be:
In 2016, home ownership bottomed out at 62.9%, but in 2017, home ownership is expected to stabilize at 63.5%. New home sales are expected to grow by 10%, while new home construction is expected to increase 3%.
With 2016 being an election year, the housing market experienced a 40 basis points increase in rates immediately after the election. This resulted in interest rates being raised. And, with more than 95% of first-time home buyers relying on financing their home purchases and a majority of potential home buyers having one or more financial challenges, the increased interest rates may be too much for them to overcome, thus reducing the number of qualified buyers this year.
With the rise in interest rates, 2017 is set to see a changing buyer demographic and this will impact the year's housing trends. The top five housing trends expected to affect the market this year include:
Are you looking to move to Georgia or buy a new home in the state in 2017? If so, then why not have a home custom designed and built precisely for your family's unique wants and needs? At Southland Custom Homes, our home builder in GA can design and build you the home of your dreams at a price that rivals that of buying an existing home.
Don't settle for someone else's idea of the perfect home; get the home you have always wanted. Call Southland's custom home builder in GA today at 866-56-BUILD to get started. Or, visit one of our model showrooms today in Macon (3956 Bloomfield Village Drive, Macon, GA 31206), Dawsonville (98 Bethel Drive, Dawsonville, GA 30534), Marietta (265 N. Cobb Pkwy, Marietta, GA 30062), or Winder (429 Loganville Hwy., Suite 101, Winder, GA 30680) to see all that we have to offer!
Southland Custom Homes builds in the following locations:
| Baldwin County Banks County Barrow County Bartow County Bibb County Bleckley County Butts County Carroll County Cherokee County Clarke County Clayton County Cobb County Coweta County Crawford County Dawson County DeKalb County |
Dooly County Douglas County Fannin County Fayette County Floyd County Forsyth County Fulton County Gilmer County Gordon County Greene County Gwinnett County Habersham County Hall County Hancock County Haralson County Hart County |
Heard County Henry County Jackson County Jasper County Jones County Lamar County Lumpkin County Macon County Madison County Meriwether County Monroe County Morgan County Newton County Oconee County Oglethorpe County Paulding County |
Peach County Pickens County Pike County Polk County Pulaski County Putnam County Rockdale County Stephens County Talbot County Taylor County Twiggs County Union County Upson County Walton County White County Wilkinson County |
We also build in the following cities in Georgia:
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Acworth Alpharetta Athens Athens-Clarke Atlanta Barrow Bartow Belvedere Belvedere Park Brookhaven Butts Calhoun Canton Carroll Carrollton Cartersville Cherokee |
Cobb College Park Coweta Cumming Dawsonville Decatur Dekalb Douglas Dublin Douglasville Dunwoody Duluth East Point Ellijay Fayette Forest Park Forest |
Forsyth Gainesville Grantville Griffin Gwinnett Hall Henry Hinesville Hogansville Jasper John's Creek Kennesaw LaGrange Lake Allatoona Lake Blue Ridge Lake Chatuge Lake Hartwell |
Lake Jackson Lake Lanier Lake Nottely Lake Oconee Lawrenceville Lone Oak Mableton Macon Marietta McDonough Milledgeville Milton Newnan Newton North Atlanta North Druid Hills The North Georgia mountains |
Paulding Peachtree City Redan Rockdale Rome Roswell Sandy Springs Smyrna Snellville Spalding Stone Mountain Sugar Hill Tucker Union City Washington Winder |
