2018 Market Overview

Dated: 02/13/2018

Views: 136

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

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

3 Bedroom Home In Pt Washington For Sale 365K

Oaks at Eden | $365,000This small subdivision, located close to Eden Gardens State Park and access to the bay, makes a charming neighborhood for full time residents. The 3 bed, 2 bath home, also

Read More

New Condos On 30A

Did you know that there are new condo projects selling along 30A?  Well it's true, take a look for yourself and see if your dream unit is out there Click Here to Search ;

Read More

Rosemary Beach Properties Dot Com

    The first market report for Rosemary Beach homeowners went out this month, and the website www.rosemarybeachproperties.com went live. The market report tab shows the data

Read More