2018 Market Overview

Dated: 02/13/2018

Views: 243

Information provided by Gordcollins.com and gives a quick view of 2018 market predictions.

NAR/Realtor Outlook on the Housing Market

Housing Indicator Realtor.com® 2018 Forecast
Home price appreciation 3.2% increase
Mortgage rate Average 4.6% mortage rates in 2018 to 5.0% (30 year fixed) by year end
Existing home sales 2.5% growth, low inventory problem easing
Housing starts 3% growth in home building 7% growth in houses
New home sales Growth of 7%
Home ownership rate Stabilizing at 63.9% nationally

Despite the market correction, experts feel this bull market could continue as long as business keeps coming back to the US. That’s a long process of repatriation. In the meantime, the jobs picture, wage growth, investment, and profit growth are giving real estate participants a lot of optimism.

The resistance to housing development is slowing. Conservatives are giving up amidst intense pressure by those facing outrageous housing shortages and skyrocketing rental prices.

Blog author image

David and Leslie Miller

South Walton became my home over 12 years ago when David and I married and chose to settle and raise our children in Point Washington. His family has deep root in the community and I feel lucky to li....

Latest Blog Posts

NOW IS THE TIME

 It’s 16% Cheaper to Buy Now than Late 2018Home prices are going up; mortgage rates are going down. A study by Black Knight found that the buyer savings from mortgage rate drops more than

Read More

Home Ownership Maintenance Tips

When you buy a home you realize its probably the biggest investment you will ever make in your lifetime. Whether its a first home, second home or investment property, they all require a certain

Read More

2020 CAA Valentine Tour Of Homes Is Coming Soon

Come join us for the 2020 Valentine Tour of Homes benefiting the Cultural Arts Alliance of Walton County on Saturday, February 15 and Sunday February 16.  Featuring amazing homes on Hogtown

Read More

Sweets For Your Sweets

Valentine's Day is right around the corner - don't forget to spoil your loved ones with something sweet! Check out these local options for some Valentine's Day treats.Sweet Henrietta'sTasty made-

Read More