The real estate forecast for The Woodlands in 2017 predicts increased home sales due to rising consumer confidence, stabilizing oil prices, and rising mortgage rates and home prices. Consumer confidence is high as the economy recovers from the recession. Oil prices have stabilized after previously falling low in 2016. Mortgage rates and home prices are increasing, encouraging buyers to purchase sooner rather than rent and face higher costs in the future. Many renters are now ready to buy as homebuying conditions have improved with better inventory and seller willingness to negotiate. Additionally, pent-up demand from postponed purchases over the past two years will fuel more home buying in 2017. Overall, the forecast calls for a sunnier real estate market in 2017 with increased home

1. 2017 Real Estate Forecast
The Woodlands
Better Homes And Gardens Real Estate Gary Greene - The Woodlands
Our future is SUNNY.
Why?
Consumer Confidence on the high-rise.
Not falling oil prices.
Mortgages rates and home prices on the rise.
Disguised as renters, homebuyers reveal
themselves.
Pent-Up demand.

2. Consumer Confidence On The High-Rise.
When consumers feel better about their financial future, they make
decisions to move forward.
Mass positive sentiment will foster forward-moving decisions, and homes
sales upward in 2017.
Better Homes And Gardens Real Estate Gary Greene - The Woodlands

3. Not Falling Oil Prices.
In Houston and The Woodlands, we live
and die by an oily sword.
This past January, oil prices hit a
spectacular low of $27 per barrel. Dire
predictions had prices failing into the low
teens. Depressing uncertainty drove a
dagger through the heart of home buyer
activity, dreams and decision.
This January brings renewed optimism, hope and enthusiasm.
The worst is past. The present is safer. The future is promising.
When people feel safe and positive about their futures, they un-delay
satisfying their pent-up needs and desires. They make moving-forward
home buying decisions.
Sales will grow upward in 2017.
Better Homes And Gardens Real Estate Gary Greene - The Woodlands

4. Mortgage Rates, Payments and
Prices Will Press Up.
Do people want to pay more? Or less?
Mortgage rates are walking up. The longer a buyer waits, the higher
interest rates rise. Same house. Same Price. Higher monthly mortgage
payment.
As buyer activity bumps upward, home prices press up too.
Rather than wait and pay more, smart would-be buyers will choose to buy
sooner. And save.
It’s simple math, smarts and human behavior. Save-money-urgency will
pull buyers into the market and 2017 sales upward.
Better Homes And Gardens Real Estate Gary Greene - The Woodlands

5. Disguised As Renters,
Homebuyers Reveal Themselves.
Back in 2012, immediately following the recession, and during the Exxon/
Mobil migration, pent-up demand and hyper-growth boiled The Woodlands
real estate market, and home prices, into a red-frustration of multiple
offers, higher prices, stress and skimpy selection.
As a result, hundreds of under-normal-conditions-buyers choose to avoid
the frenzy and faded into the background as I’ll-wait-and-see-renters.
Buying conditions have improved dramatically.
Inventory/Selection in all price ranges is good, and excellent above
$500,000.
Also, this year’s slower sales vaporized buyer competition, amping seller
motivation and a willingness to negotiate.
Their patience has paid off. Their leases are expiring. Conditions are ripe.
Homebuyers who acted as renters will move to take advantage of excellent
selection, solid seller motivation, upbeat consumer confidence, lower
mortgage rates and monthly payments. Sales will throttle upward in 2017.
Better Homes And Gardens Real Estate Gary Greene - The Woodlands

6. Pent Up Demand.
It always happens!
A swell of pent-up-demand-action flooded the market immediately following
this past hateful recession.
We’ll see it again in 2017.
People have been postponing their dreams, needs, and buying decisions
for two years.
This 2017 green-light snap back won’t be as frenzied. Never mind that.
This reliable pent-up-demand phenomenon will fuel an upward push of
listing and sales activity into the spring and summer months. Will it be as
muscular as 2012/2013? No. But it will be a positive force.
Better Homes And Gardens Real Estate Gary Greene - The Woodlands

7. In Conclusion.
Bye Bye Stormy Skies. Our future is sunny.
2017 real estate activity will outshine the dull reality of 2016.
If you’re thinking of selling or buying, now is a safe
and smart time to take action.
If I can be helpful, please contact me. Thanks.
Better Homes And Gardens Real Estate Gary Greene - The Woodlands
Consumer Confidence on the high-rise.
Not falling oil prices.
Mortgages rates and home prices on the rise.
Disguised as renters, homebuyers reveal themselves.
Pent-Up demand.
Ken Brand
832-797-1779
Ken@KenBrand.com