The top 10 issues facing the real estate industry in 2017

The No. 1 challenge? Polarization and political uncertainty
  • Political uncertainty affects trade, consumer prices, home prices and mortgage interest rates.
  • Big baby boomer and millennial populations (who want different things in their homes) are causing generational disruption and housing mismatch.
  • The proliferation of real estate technology is also going to have a big impact on consumers, agents and brokers.

Political polarization and global uncertainty have a particular impact on trade, so port, gateway and coastal communities might find themselves with economic or other problems that they haven’t yet had to tackle. Add to that the fact that the consumer price index, home prices and interest rates are all rising, mortgages are less affordable and communities are increasingly polarized, and you can see how this issue would affect homeownership on an individual and national scale.