The Real Estate market has been a rollercoaster for years now with some states rebounding quicker than others. The outlook seems to be on the rise and most of the cities that came out of the recession quickly are showing it with a stronger value in the real estate market. There are still some cities struggling poorly on the rebound, however there is light starting to shine on a more nationwide range and the outlook for the coming year is brighter than it has been for some time now. The fear of investment may be starting to fade and more people are getting out of that mind set which always helps the economy and starts to boost everything. It’s all connected in one way or another so when we hold back and don’t spend the system does not work, jobs are showing more stability and this gives the people more courage to get back out and get this system of ours jump started.

Here are some stats that could help explain the new outlook for 2017.

"NAR is predicting existing-home sales to reach 6 million in 2017, higher than its 5.8 million forecast for this year. But other entities are even more bullish. MBA is predicting home sales to eclipse 6.5 million next year, while Fannie Mae and Freddie Mac are both predicting 6.2 million."

While the overall picture for home sales next year and into 2020 looks rosy, sales and price appreciation will, obviously, vary depending on the market, with some of the usual picks at the top.

The top markets for price appreciation likely will be in Seattle, Wash.; Portland, Ore.; Denver, Colo.; and Boston. "These markets' robust economies have growing populations but a tight supply of homes for sale on the market that will likely lead to some of the largest price increases across the country."

The California Association of Realtors' forecast shows "modest gains next year amid tight supplies and the lowest housing affordability in six years," said the San Jose Mercury News. "Sales of existing single-family homes -- which make up about 68 percent of the overall market -- are projected to rise 1.4 percent in 2017 to 413,000 transactions. Meanwhile, the median house price -- or price at the midpoint of all sales -- is projected to rise 4.3 percent to $525,600.

On the other end of the spectrum, cities like Detroit and Patterson, NJ may continue to struggle; both of these cities appear numerous times on worst real estate markets lists; both made the list of highest percentage of homes with negative equity and lowest median home price appreciation.

According to data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending September 30, 2016, mortgage applications increased 2.9 percent from one week earlier.

The Market Composite Index, a measure of mortgage loan application volume, increased 2.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 3 percent compared with the previous week.

The FHA share of total applications decreased to 10.0 percent from 10.2 percent the week prior. The VA share of total applications decreased to 11.4 percent from 11.9 percent the week prior. The USDA share of total applications increased to 0.7 percent from 0.6 percent the week prior.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,000 or less) decreased to 3.62 percent, the lowest level since July 2016, from 3.66 percent, with points decreasing to 0.32 from 0.33 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans. The effective rate decreased from last week.