2018 Industry Trends
2018 has arrived and as we welcome a new year in the real estate industry, it's important to look ahead at what's to come.As the market evolves, agents must be aware of changes to best meet their clients needs. There are no definitive answers to what we can expect from the housing market in 2018, but we've compiled some of the top predictions form market experts, and here's what they're forecasting for the new year: Price Increases Many experts agree that inventory is the biggest factor in the 2018 housing market, and prices are expected to increase as supply remains low going into the new year. As reported in the Washington Post , Nela Richardson, chief economist at Redfin, said "for the third year in a row, the nationwide inventory shortage is likely to continue to hinder sales, and increase prices." Just how much prices are to increase is debatable, however. The National Association of Realtors is predicting a 5.5 percent price increase, w...