DAILY REAL ESTATE NEWS | MONDAY, MARCH 06, 2017
Your 10-year outlook: Expect business to get busier, but be ready for some major demographic shifts in housing.
Housing demand over the next decade will be significantly higher than it is today, predicts Lawrence Yun, the chief economist of the National Association of REALTORS®, in his latest column at Forbes.com. Rising populations and a growth in the job market likely will release a pent-up demand in housing over the next 10 years, he says.
4 experts agreed that rates would go up, and also that the impact should be minimal - BY LEW SICHELMAN
Mortgage rates may be trending down at the moment — but what comes down will go up as the year progresses, according to several key housing economists who spoke at the recent International Builders Conference in Orlando.
However, the impact should be minimal, they said.