The End & The Beginning…

How the housing market finished 2017 – and what to expect this year:

Experts agree that low inventory – a shortage of homes for sale – will drive the 2018 housing market.

Rental affordability has decreased nationwide while mortgage affordability has increased. Median rent requires 29.1% of the average income while homeowners are spending 15.4% of average income on their mortgages.

Questions about home values, mortgage interest rates or the market? We can help!

Sources: First American Real House Prices Index, Zillow, National Association of Realtors, National Association of Home Builders, Goldman Sachs, Pulsenomics, CoreLogic, Joint Center for Housing Studies – Harvard University, ABODO

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