Although January is typically a slow time in the real estate market, things should be heating up soon enough. In fact, real estate sales trends indicate that early 2018 will see a strong housing market.
Freddie Mac Forecast for Sellers
Freddie Mac has some positive predictions for the new year. These 2018 real estate trends include a 5 percent growth in home prices, which could encourage more and more sellers to put their homes on the market this year. That means more sales opportunities for real estate agents to look forward to throughout the year. Freddie Mac expects the total number of home sales to increase from 6.18 percent in 2017 to 6.30 percent in 2018. While this might not seem like a big increase, the rise in home prices makes up for it.
2018 Buying Trends
The new year should also be leading to an increase in the number of buyers who are looking for a new home. There are several 2018 real estate trends that point to this, such as the fact that prices on homes are expected to continue appreciating. A steady economy should also encourage those who are maybe thinking of buying a home to take the plunge and do so.
Don’t forget about rental property sales as well. An increase in rents around the country is expected to benefit rental property owners by giving them an incredible return on their investment. This could lead to more and more buyers who are interested in purchasing a rental property this year.
There’s also foreign buyers to consider. A rising number of foreign buyers are showing interest in purchasing property in the U.S. This market could also become a lucrative one for real estate agents in the new year.
Find out more about how to make the most of 2018 real estate trends, so you can boost sales this year. Contact Properties Online today for more information.