What’s in store for real estate in 2017?

(RECAP: Summer has barely finished but already the experts are weighing in with their opinions on what to expect in real estate in 2017. And the good news is that, despite the recent downturn in sales, many of the experts are predicting a much more successful year, with the National Association of Realtors (NAR), Freddie Mac, Fannie Mae and the Mortgage Bankers Association (MBA) all offering up positive forecasts of the year to come. First up is the NAR, which reckons existing home sales will top six million in 2017, beating out the 5.8 million its forecast for this year. But that forecast, although bullish, is actually more restrained than some of the others. For example, the MBA reckons home sales will surpass the 6.5 million mark in 2017, while Freddie and Fannie both offer the 6.2 million figure. The key to this uptick in home sales will be the Generation Y’ers, who’re beginning to emerge as an important segment of buyers. The experts say that Generation Y’ers will keep boosting home sales until 2020 at the very least.)