In late November 2016, Realtor.com published their annual housing market forecast for 2017. “The 2017 national real estate market is predicted to slow compared to the last two years, across the majority of economic indicators. Home prices are anticipated to increase 3.9 percent and existing home sales are forecasted to increase 1.9 percent to 5.46 million homes. Interest rates are expected to reach 4.5 percent due to higher expectations for inflationary pressure in the year ahead.” For the entire report, go to Realtor.com® 2017 National Housing Forecast.
The Kansas City Business Journal then published their own article specifically describing the forecast for the Kansas City area. “KC housing market will grow, but more slowly in 2017…Kansas City housing to see price gains of 4.36 percent and sales growth of 2.66 percent, which are above the national average.” KC Business Journal