Predictions for the 2018 housing market

Predictions​ ​For​ ​The​ ​2018​ ​Housing​ ​Market US​ ​Real​ ​Estate​ ​Forecast​ ​2018 Home​ ​costs​ ​in​ ​the​ ​USA​ ​increased​ ​by​ ​6​ ​percent​ ​from​ ​2016​ ​to​ ​2017​ ​and​ ​it​ ​is​ ​expected home​ ​prices​ ​will​ ​rise​ ​in​ ​2018.​ ​According​ ​to​ ​the​ ​top​ ​realtors,​ ​new​ ​January​ ​of​ ​2018​ ​could be​ ​an​ ​exciting​ ​period​ ​for​ ​real​ ​estate​ ​market.

2018​ ​will​ ​be​ ​a​ ​more​ ​challenging​ ​year​ ​for​ ​real​ ​estate​ ​as​ ​an​ ​inventory​ ​of​ ​homes​ ​for​ ​sale​ ​will be​ ​tighter​ ​said​ ​by​ ​the​ ​top​ ​realtors​​ ​in​ ​the​ ​USA.​ ​If​ ​you​ ​are​ ​also​ ​planning​ ​to​ ​buy​ ​or​ ​sell​ ​in 2018​ ​and​ ​looking​ ​for​ ​best​ ​cities​ ​to​ ​invest​ ​in​ ​real​ ​estate​ ​and​ ​what​ ​is​ ​the​ ​ideal​ ​time​ ​to​ ​get in​ ​the​ ​market​ ​then​ ​read​ ​out​ ​our​ ​housing​ ​predictions​ ​for​ ​2018​ ​briefly.

We​ ​have​ ​collected​ ​main​ ​predictions​ ​and​ ​possible​ ​trends​ ​that​ ​should​ ​go​ ​on​ ​to​ ​freeze​ ​the housing​ ​market​ ​and​ ​create​ ​a​ ​positive​ ​real​ ​estate​ ​environment.

Prices​ ​will​ ​be​ ​higher:​ — home​ ​Prices​ ​will​ ​possibly​ ​continue​ ​to​ ​increase​ ​throughout the​ ​rest​ ​of​ ​2017,​ ​into​ ​2018,​ ​and​ ​in​ ​coming​ ​next​ ​years​ ​because​ ​of​ ​the​ ​inventory​ ​shortage.

As​ ​per​ ​the​ ​National​ ​Association​ ​of​ ​Realtors,​ ​about​ ​5.4%​ ​price​ ​rise​ ​is​ ​expected,​ ​but​ ​gains will​ ​slow.

A​ ​home​ ​inventory​ ​will​ ​be​ ​a​ ​major​ ​concern​ ​in​ ​coming​ ​years.​ ​Inventory​ ​shortage​ ​will​ ​play a​ ​significant​ ​role​ ​in​ ​pushing​ ​up​ ​prices​ ​in​ ​USA​ ​real​ ​estate​ ​market.​ ​This​ ​real​ ​estate​ ​forecast will​ ​not​ ​bring​ ​any​ ​benefits​ ​for​ ​the​ ​first​ ​time​ ​home​ ​buyers​,​ ​who​ ​don’t​ ​have​ ​the​ ​advantage of​ ​profits​ ​from​ ​a​ ​prior​ ​home​ ​sale​ ​to​ ​improve​ ​their​ ​down​ ​payments.

As​ ​fewer​ ​homes​ ​will​ ​come​ ​to​ ​sale​ ​many​ ​home​ ​owners​ ​will​ ​choose​ ​the​ ​remodel​ ​concept rather​ ​than​ ​moving​ ​or​ ​selling.​ ​To​ ​make​ ​the​ ​home​ ​sales​ ​worthy​ ​it’s​ ​also​ ​essential​ ​to remodel​ ​the​ ​home.

It​ ​is​ ​expected​ ​in​ ​2018​ ​builders​ ​will​ ​be​ ​more​ ​focused​ ​on​ ​entry-level​ ​houses​ ​to​ ​offer​ ​more options​ ​to​ ​first-time​ ​and​ ​lower-​ ​to​ ​middle-income​ ​buyers.

Baby​ ​boomers​ ​and​ ​millennial​ ​will​ ​drive​ ​home​ ​design​ ​in​ ​2018.​ ​Homes​ ​will​ ​be​ ​built​ ​using frameworks​ ​that​ ​make​ ​it​ ​simple​ ​to​ ​add​ ​featured​ ​elements​ ​later,​ ​including​ ​extra​ ​support beams​ ​behind​ ​shower​ ​walls​ ​to​ ​which​ ​grab​ ​bars​ ​can​ ​be​ ​added​ ​to​ ​older​ ​generations’​ ​age​ ​in place.

Tight​ ​inventory​ ​can​ ​raise​ ​severe​ ​competition​ ​driving​ ​up​ ​prices,​ ​leading​ ​to​ ​lower affordability​ ​and​ ​weaker​ ​sales​ ​growth.

Source: https://medium.com/@larajohan11/predictions-for-the-2018-housing-market-65271f1da 777