9 real estate trends to expect in 2017

  • Mortgage rates will increase

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    Following the housing market crash, mortgage rates remained at record lows for years. However, that's finally starting to change, Smoke said.

    Rates are climbing now and are expected to keep doing so next year, with the Federal Reserve indicating that three more increases to its benchmark rate are coming in 2017.

    "As a buyer or seller, this essentially points to acting sooner rather than later if you're intending to do a transaction next year," he said. "Rates will get higher as we go through the year, and inventory is not going to improve. So winter or early spring will be more advantageous than waiting for late spring or early summer, when most buyers emerge."

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    Ilyce R. Glink is an award-winning, nationally-syndicated columnist, best-selling book author and founder of Best Money Moves, an employee benefit program that helps reduce financial stress. She also owns ThinkGlink.com, where readers can find real estate and personal finance resources.