Florida Inv | Jean Deglon
Experts’ outlook for 2017: S. Florida home prices to inch higher, but luxury sector could take a hit

Experts’ outlook for 2017: S. Florida home prices to inch higher, but luxury sector could take a hit

The South Florida housing market could begin 2017 with plenty of bullish buyers ready to spend recent investment windfalls from all-time stock market highs, experts say.

“People are going to see the best 401(k) statements they’ve ever seen in January,” said Jim Flood, regional manager for Supreme Lending in Fort Lauderdale. “That’s a big deal, a bellwether for their happiness.”

Rising interest rates eventually may dampen demand, but market observers don’t anticipate a major pullback in buying.

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