Stricter Credit Norms will Influence Real Estate Market in 2018

New York – December 21, 2017 – Real estate and property investors are looking forward to 2018 to capitalize on this conventional market, though obtaining loans is tighter than earlier, and mortgage rates are expected to show an uptick. Strahan McNeil Partners, the New York based financial consultancy and advisory firm, shares some salient features of the current state in real property.

Post the 2008 debacle, real estate has been on a gradual improvement course, showing mixed performance in various states. Housing prices in the last two years have pushed up by 5-6 percent, and the movement is expected to continue in 2018. In the larger historical picture, the uptick has however been smaller.

Credit norms for mortgage are now stricter than before, and credit scores have become an obstacle for many looking forward to own a property. With the wider berth of the older loan system now restricted to good credit records, real estate is now more stable as a whole. Real estate investors should now keep a close eye on where the mortgage rates go.

“While some expect the mortgage rates to increase in the New Year, real estate investors can look forward to a stable property market due to stricter norms for credit processing. It is also the time to improve credit scores and accounts in order so that one can go ahead and invest in 2018 with less hassles,” says Strahan McNeil.

Strahan McNeil Partners is a New York headquartered finance firm which operates a global network of over 560 finance professionals redefining their traditional role as ‘financial technicians’. The firm offers specialized financial services that handles audits, restructuring, structured finance, and mergers and acquisitions. Focused on turning knowledge into value and advantage for its clients, Strahan McNeil Partners provides clients with wide ranging financial and accounting services that meet globally consistent norms.

Strahan McNeil Partners is today playing a new role in the capital markets, supporting positive reforms that would strengthen credibility and confidence. The firm actively takes up social responsibility, making it part of its central, working agenda so as to make a real difference to the communities it serves.

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Strahan McNeil Partners

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