Everyone knows that the Real Estate Market follows a seasonal pattern which means that sales/prices rise in the spring and fall while dropping in the summer and winter. By that thinking, it makes sense for sales to slow down at this time of the year. What if that isn’t what’s happening though?
It’s been about 10 years since the housing crash and things are starting to look familiar. While there is a lot of good signs that the market is solid, there is also some data that is strikingly close to the times leading up to the crash. Should you be worried or are things expected to just get better?
The spring market is upon us and things aren’t just picking up in the DMV, but around the nation as well. Home prices are rising to such an extent that they are now 6% higher than the they were at the peak before the housing crisis in 2006. This brings up the question, what is causing it and what could this mean for the coming months and years?
As 2017 comes to a close, it is time to start predicting what 2018 might look like. Between supply changes, first-time homebuyers, and tax reform; the Real Estate market could have a few wrenches thrown in the mix. If you were wondering how all of this could affect the coming year, look no further for the professional’s expectations.