: Housing inventory was at historic lows, leading to intense competition and bidding wars. Pro Teck reported a 125% increase in communities with dramatic home shortages over a two-year period leading into 2017.
: Economists predicted that mortgage rates would continue to climb throughout 2017. Jonathan Smoke, chief economist for Realtor.com, noted that higher rates increase costs and make qualifying for loans more difficult. don t buy a house in 2017
The following details outline why some experts and reports suggested caution or advised against buying a house in 2017: : Housing inventory was at historic lows, leading