predicts 4 developments for 2018

1)  Inventory will increase.  According to, beginning in August the US housing market will start to see an increase in the number of homes on the market and will tick into positive territory by the fall, for the first time since 2015.

2)  Price appreciation will slow.  Home prices are forecasted to slow to 3.2 % growth year over year nationally from an estimated increase of 5.5 % in 2017.  Most of the slowing will be felt in the higher priced segment.  Entry level homes will continue to see price gains due to the larger number of buyers that can afford them.

3)  Millennials will gain market share.  Although millennials will continue to face challenges with rising interest rates and home prices, they are on track to gain market share of the mortgage market in all price points.  They are predicted to reach 43 % of new home buyers this year.

4)  Southern markets to lead growth.  Southern cities are expected to beat the national average of home sales growth by 6% compared to just 2.5% for the rest of the country.