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Inman: Why Luxury Real Estate Will Rise in 2017

From new mortgages to the aftermath of the presidential election, there are multiple factors are coming together to set the segment up for success.

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Real estate agents specializing in the luxury market haven’t had much to celebrate in the past few years. But according to Inman, that’s all going to change in 2017.

Confidence in the luxury real estate market is on the rise, and the segment of the industry is expected to experience growth throughout the year. Factors like technology, innovative designs and progressive trends are all coming together to make this a good year for the market. New mortgages are also being introduced—beginning this year, Fannie Mae and Freddie Mac will provide backing for larger mortgages for the first time in over a decade. That means it’ll be easier for homeowners to finance their large purchases.

The post-election period will also contribute to the luxury real estate segment’s success in 2017. During the volatile campaign season, uncertainty surrounded the economy. But now that those distractions are in the past, the market is expected to go through a period of restoration and correction.

To read the full article, click here.