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| 2017 Forecast: Housing to Downshift as Election Realities Set In |
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Housing is expected to downshift next year as the post-election economy sets in, driven by a deceleration in home price growth, according to realtor.com®’s recently released 2017 housing forecast. The forecast projects home prices nationally growing at a rate of 3.9 percent, down from 2016’s 4.9 percent estimate, and an appreciation slowdown of 1 percent or more in nearly half of the U.S.’ top 100 metropolitan areas. “Multiple factors are coming together,” says realtor.com Chief Economist Jonathan Smoke. “One is a continued trend toward moderation—basically the effect of seeing all of the rebounds coming off of the distress, the foreclosure years finally well behind us, so there’s no longer that dead cat bounce that was occurring in some markets. ...
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Prepare to see a lot more green in 2017—and not the kind you get from a scratch-off. Pantone recently revealed next year's Color of the Year, a "zesty" yellow-green named—what else?—Greenery. The hue, which immediately brings to mind The Land Before Time, will crop up in home decor and housewares, from accents and furniture
