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What Will Happen to Our Market in 2018?

Today, I’m taking a look into my crystal ball to bring you some predictions for our 2018 real estate market.

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Today, I’d like to share a few of my predictions for the 2018 real estate market. First of all, let’s take a look at home values. Here in the Greenville area, home values have gone up 7% this year.

According to my “crystal ball,” values won’t rise quite as much in 2018. This is, in part, due to low inventory.

Home values won’t rise as much in 2018.

Another prediction I have has to do with interest rates. Interest rates have seen historic lows lately, but the Fed recently raised the prime rate. This change will ultimately affect mortgage rates, and therefore will impact your buying power. In other words, it’s definitely time to make a move if you’re thinking of buying a new home. Homes under $200,000 are moving especially quickly, so act fast. On a final note, millennials will be a powerful force in real estate in 2018.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

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