According to Realtor.com, the following are some real estate trends we can expect in 2018:
- Supply begins to catch up with demand: Analysts see a rise in construction of new homes in 2018 with the eventual result of a decrease in price appreciation. However, expect the higher end to be affected first.
- More millennials to enter the market: For a variety of reasons – most predominately the crushing weight of student loans – most millennials have been unable to become homebuyers. However, due to rising income, advanced career development, and a strong economy, 2018 may be the year.
- An increase in short term rentals: Short-term rental homes, such as vacation homes, should continue to increase in 2018.
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