As we near the end of the first month of the new year, it’s time to take a big step back—and to take stock of the situation in real estate markets across the country. Will we see our predictions for 2018 starting to come true already?
Have home buyers refreshed their determination to land a home this year? Are home prices finally slowing their reckless rise? Does the viselike grip on housing inventories in many top markets show signs of loosening up?
Well, it does seem like change is in the air: After peaking at $275,000 in summer 2017, the nationwide median home list price is expected to remain relatively steady at $269,000. That’s 8% higher than one year ago—but in early and mid-2017 we saw double-digit price increases.
Now, we’re not saying that prices aren’t still crazily high...Read More