Newsletter – January 2018
Happy New Year from Blue Streak Docs!
Last year was quite a whirlwind for the U.S. housing market (at times, literally a hurricane!), but by most accounts, it was a good one. In a December report, Freddie Mac called 2017 “the best year in a decade by a variety of measures.”
What will 2018 bring for buyers, sellers, investors, and real estate professionals? Let’s see what the experts are predicting:
Home prices will continue to rise, but at a slower pace. Realtor.com projects home prices to slow to 3.2% growth (compared to 5.5% in 2017) as more inventory becomes available. Cities like Detroit, Nashville, Philadelphia, and Kansas City, MO, will see their inventory recover first, they predict – particularly in the $350,000 and higher range.