The good news is that if you're considering selling a home in 2018, it's likely to be a great experience. The bad news is that if you're looking to buy a home in 2018, there may be some challenges. According to the Emerging Trends in Real Estate 2018 report Seattle takes the top spot in 2018. This is likely due to the continued growth in Amazon and many other tech companies in the Seattle area.
Here's the list of the top 10:
Salt Lake City, Utah
Raleigh/Durham, North Carolina
Dallas/Fort Worth, Texas
Fort Lauderdale, Florida
Los Angeles, California
San Jose, California
If you're looking to buy a home this may concern you, but with the guidance of a top Real Estate Professional, you can navigate this market and make a satisfying and successful Seattle home purchase. We are faced with these market conditions daily and continually find ways to succeed. The key is market knowledge. Make sure you are working with a broker that knows how to succeed in this market.
Look at the numbers
According to the Home Buying Institute (HBI), housing market forecasts through 2018 suggest home prices in the U.S. could rise somewhere between 3% and 5%. Although this is within a normal range, it does suggest that markets will continue to rise in 2018. Plus when you consider increase in values over the last 5 years, this could push homes prices further out of reach for some buyers.
Are you considering buying a home? Start a home search.