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3 Top Housing Trends for 2018

Contributed by:

Veronica Figueroa

The Figueroa Team

RE/MAX Innovation

When buying or selling a home, an understanding of current market trends could help optimize your time and money. Here are a four real estate trends that defined 2017 and are expected carry on into the new year

Competing Generations

The recent shift in home buying preferences is a generational one. Millennials are starting to abandon their condos in the city for starter homes in the burbs, putting them in direct competition with downsizing baby boomers.
With these two groups both looking for similar housing, well-maintained single-family homes are expected to go very quickly in 2018

Tightening Inventory

The fall of 20107 was tight in regards to the number of homes available for sale. In fact, total housing inventory was down 13.4 percent in October 2017 compared to the same time the year before, according to the RE/MAX National Housing Report

For most of the country, sellers currently have the advantage. Will that change in 2018? It’s possible, but buyers should prepare for a market where they will have to be aggressive to purchase the home they want.

Advancing Tech

Like most other industries, real estate today is profoundly affected by the advance of technology. Home buyers and sellers can easily access information about a house or the market with the click of a button, and virtual walk-throughs allow a buyer to enter a prospective home for the first time with few surprises. In real estate, technology has the potential to reward those who do their homework and make the most of digital options before deciding how to use their precious time.

The Takeaway: Navigating It All Requires an Expert

The above trends figure to play a prominent role in virtually every home sale and listing across the country.

How do these trends affect our market? I can help you navigate our market. If you’re thinking of buying or selling next year, I’ll help you come up with a complete Market Analysis and or Equity Evaluation of your current home to help you reach your real estate goals. 

 

UPCOMING EVENTS

Whether you are enjoying one of the large quarterly festivals or relaxing in the park at one of the monthly movies, the community is full of life and a variety of family-friendly activities.

View The Full Event Calendar
  • Nov 27
    National Anthem 2020-11-27 @ 12:00pm -
  • Nov 27
    Papa Gio’s Finally Friday’s 2020-11-27 @ 9:00pm - 2:00am
  • Nov 30
    Papa Gio’s Trivia Night 2020-11-30 @ 7:00pm - 9:00pm
  • Dec 03
    Holiday Wine Walk 2020-12-03 @ 6:00pm - 9:00pm
  • Dec 05
    Avalon Aglow 2020-12-05 @ 3:00pm - 9:00pm
  • Dec 06
    Holiday Market & Picture Patch 2020-12-06 @ 1:00pm - 5:00pm

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