At the Conclusion of 2017, all I can say is, “What a crazy ride!” Political and world events, national disasters, the eclipse of the sun, home buying, sports and more. The good outweighs the bad and I am looking forward to the New Year. So bring on 2018!!
2018 Real Estate Forecast – Home Buying and Selling
Where interest rates are still low compared to decades past, home buying and selling are still very active. Buyers who found themselves upside down after 2009 are finding the financial wiggle room to sell again. Buyers are enjoying interest rates lower than the 2006 Housing Bubble, and home buying for millennials are increasing, more than ever.
It’s really a unique market where it is a strong seller’s market because of inventory. But interest rates are keeping the buyers active and looking for new homes. With the new tax plan passed and signed this week, we are already receiving reports of companies issuing large bonuses to their employees making home buying more possible.
So whether you are blessed with a company bonus or get to keep more money after the tax season, or both, the economy is being stimulated more than ever. The stock market is a good indication of the economic outlook as well as we have hit several closing records this year. On top of all that and the job reports, I expect a phenomenal year all around and especially in homeownership opportunities.
And as always, receive a $100 bill with each closed referral. We love referrals!!