A shortage of housing inventory made it difficult for many homebuyers to find a house this year. And according to many experts, next year may be much of the same. As more and more Baby Boomers age in place and existing homeowners stay in their homes longer (an average of 23 years in some [...]
You know the old saying, "the more things change, the more they stay the same"? We've come across two interesting stories in the news over the last week that challenge this classic sentiment. 1. Taking on the affordable housing crisis A lack of affordable housing is pushing low and middle-class folks out of the [...]
The 2018 housing market will not differ significantly from what we saw in 2017. Interest rates remain on the rise, but more concerning are rising home prices and a continued shortage of properties for homebuyers to choose from. This doesn’t mean you can’t find a home in this selling season, though. It simply means you [...]
When it comes to the housing market, there are many factors to consider when making predictions. First, there are many housing markets not just one. Secondly, other more general factors outside of the housing market itself, like population growth, the cost of renting. actual affordability based on current incomes, possible changes in tax policy, changes to lending guidelines, even world events, make it difficult to accurately predict what the 2018 housing market may look like.