2018 Market Overview

Dated: 02/13/2018

Views: 140

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

Best Source For Hurricane Updates

Fact of life - it's not "if" but "when" storms will strike the coast.  When you are looking for information concerning the potential impacts of a pending storm, Facebook users can visit:Very

Read More

Are You Prepping Your Home For Resale

Even with it being a seller's market, it is still best to fix up your home before you put it on the market. One of the first places to start is in the heart of the home...the kitchen.If you

Read More

Freeport From A Busy Past At Turn Of Century To A Modern Day Hub

Lots of visitors through the years have passed through our tiny town of Freeport- not knowing that the town is really an incorporated city in Walton County and is rich with history.

Read More

Watercolor Craftsman Home

From the moment we entered 174 Needlerush Drive I was in awe of the reclaimed barn wood floors, the shiplap walls and ceilings, and the layout of this true craftsman home in Watercolor Florida. ;

Read More