Searching for Main Line Homes for Sale? We Reveal the Latest Housing Market Data
When looking for Main Line homes for sale, understanding the most recent market research and data is important. The team at Sage Realty keeps up to date on current information and tracks the pricing trends. In this latest post, Sage Realty explores the 2017 U.S. housing marketplace and the latest news and data.
Increase in Values
Some good news is on the horizon for those homeowners who could be in the market for Main Line homes for sale over the next four years. A recent survey by Pulsenomics of over 100 economists, real estate experts, investment leaders, and strategists revealed that home values are expected to continue to increase. A home valued at $260,000 in January 2016 is expected to appreciate to $293,198 by the year 2021. This news is corroborated by findings of market experts at Core Logic who have stated that home values are expected to increase by 5.3% between October 2016 and October 2017, making now a great time for buyers to enter the market. With anticipated gains in value of about 3% per year, new home buyers will have gained significant equity by 2021.
The Political Impact
Another consideration for those buying a home in the coming months is the change taking place in the market as a result of the new presidency. The lower taxes promised by the president could mean that more people would have the discretionary income needed to buy new homes.The coveted home mortgage interest deduction, often threatened, should remain in place after the dust has settled.
First-Time Homebuyers an Increasing Element of the Market
New data from the Realtor.com® Active Home Shopper Report shows another interesting trend taking place across the U.S. housing market in 2017. First-time homebuyers are now expected to account for at least half of the homebuying activities this year. The news shows an increase of nearly 20% from 2016 figures, and indicates that significant growth is taking place in the number of first-time buyers able to move forward with their purchases this year.
Call Sage Realty to Find the Right Main Line Homes for Sale
All indications are that now is a good time to start searching for Main Line Homes for sale. The market currently is experiencing shortages of homes for sale, so being ready to make an offer on the right house in a timely manner is vital. The Main Line Realtors® at Sage Realty are skilled and experienced at finding the right match. With our knowledge of the area and our commitment to helping our clients find what they are looking for—the right house at the right price– we can help you navigate the market and pinpoint your ideal home. Begin your search with Sage Realty by contacting our team today!
Tags: Main Line Homes for Sale