The 2017 market is defined by strong demand and limited supply. Home sales are on track to reach their highest levels since 2006, and national homeownership rates have finally begun to turn the corner after a long decline.

In 2017, the U.S. housing market is experiencing a "banner year," with many experts calling it the best period for housing in a decade. While home prices are rising, a strong economy, steady job growth, and historically low mortgage rates make this an opportune time for buyers who are financially prepared.

Is 2017 the best year in housing markets? Or is the best yet to come?