The Karlin Law Firm LLP

Providing quality legal services to statewide and national clients in ADA defense, Personal Injury, business and real estate for more than 35 years

Email Us
Practice Areas

What might impact residential real estate in 2017?

In 2017, experts believe a couple of primary factors will affect the real estate market in California and in the rest of the nation. Rising interest rates are expected to affect the affordability of homes, and millennials are getting older and are buying homes.

Interest rates have remained at lows for several years, so they have not had much impact on home-purchasing behavior yet. However, they are expected to rise this year, potentially impacting the affordability of residential real estate. Rising interest rates may influence homeowners to not sell their homes since they would then need to obtain mortgages at higher rates to purchase new homes.

Many millennials are reaching an age where they are wanting to purchase homes. If homeowners decide against selling, there may then be fewer residences on the market, which could drive up prices. Experts believe that first-time homebuyers especially will face stiffer competition since they operate on tighter budgets than those buyers who are looking to move up. According to Zillow, the interest rate for 30-year fixed mortgages is expected to be around 4.75 percent by the end of the year. Home prices and values are expected to continue increasing until the rate hits 5 percent.

People who are in the market for new homes may want to seek out the help of real estate attorneys. A lawyer may help their clients with all of the various aspects of their transactions, including negotiating the contract terms, conducting the title research and completing all of the various duties involved in closing the transactions. Buying a home is typically one of the biggest transactions people will complete in their lives, and doing things correctly is crucial so that they can protect their investments and avoid costly mistakes.

No Comments

Leave a comment
Comment Information

Contact Us Today

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

L. Scott Karlin

L. Scott Karlin

Attorney Profile
David E. Karlin

David E. Karlin

David E. Karlin is a California attorney with a primary focus on business and real estate, including law and legal issues...

Attorney Profile
Michael J. Karlin

Michael J. Karlin

Michael J. Karlin is a Southern California based attorney whose practice primarily focuses on Entertainment Law. Michael began...

Attorney Profile

Recent Articles

ADA Fraud Reported

A recent article on the news concerns a man in Riverside County who allegedly has attempted to obtain money from property owners and businesses based on alleged violations of the Americans with Disablities Act (ADA). Read More

Tustin Office
13522 Newport Avenue, Suite 201
Tustin, CA 92780

Phone: 714-881-0054
Tustin Law Office Map

Newport Beach Office
2901 West Coast Highway, Suite 200
Newport Beach, CA 92663

Phone: 949-427-9328
Newport Beach Law Office Map

Carlsbad Office
2173 Salk Avenue
Suite 250
Carlsbad, CA 92008

Phone: 760-407-2409
Map & Directions

Riverside Office
6809 Indiana Avenue
Suite 100
Riverside, CA 92506

Phone: 951-643-8769
Map & Directions

Los Angeles Office
1100 S. Hope Street
Suite 103
Los Angeles, CA 90015

Phone: 213-519-5633
Map & Directions

Fresno Office
1444 Fulton Street
Fresno, CA 93721

Phone: 951-373-4384
Map & Directions