OVERALL supply is down 9.6%
For Buyers:
Overall supply is down 9.6% compared to last September. At first glance that’s nothing new. However, for those of you who pay close attention to our monthly infographic …
eXp Realty, the largest residential real estate brokerage by geography in North America and a subsidiary of eXp World Holdings, Inc. (NASDAQ:EXPI), today announced that Founder Glenn Sanford was named a Top CEO in Glassdoor's Employees' Choice Awards.
PREDICTING THE FUTURE! What are the HOT markets you can still afford to buy?
Because you care . . . Americans breathlessly track the up-and-down trajectory of the nation's housing markets these days, the way previous generations obsessed over stock prices, NBA rankings, or Furby sales. Give the credit (or blame) to skittishness over the last decade's housing crash, or the roller-coaster ride of home pricing, or maybe even the ascension of HGTV flipping shows. But real estate matters: The fortunes of cities rise and fall, sometimes quickly, other times in agonizing slo-mo. And the last thing you want to do with the biggest investment of your life is buy into a housing market that is heading in the wrong direction.
What are the hot markets where you can still afford to buy? Which are ones where home prices are almost certain to appreciate? The ones with burgeoning economies and lots of job growth? The ones where you actually want to live?
To determine our predictions for the best real estate markets of 2018, realtor.com's® economic data team took a look at the number of sales of existing homes and their prices, along with the amount of new home construction in the 100 largest markets. We also analyzed the local economies of each area, along with population trends, unemployment rates, median household incomes, and other factors.
"People are going to continue to seek out pockets of affordability that remain in the market," says Danielle Hale, chief economist of realtor.com. "A lot of these places are more affordable than surrounding areas, yet still have strong economies. Even though prices are expected to grow, most of these markets will still remain relatively affordable in 2018.”
Median home price: $285,045
Predicted sales growth: 4.9%
Predicted price growth: 6.9%
Median home price: $339,300
Predicted sales growth: 6%
Predicted price growth: 5.6%
Median home price: $275,050
Predicted sales growth: 5.5%
Predicted price growth: 6%
Median home price: $385,050
Predicted sales growth: 4.6%
Predicted price growth: 6.4%
Median home price: $224,950
Predicted sales growth: 3%
Predicted price growth: 7%
Median home price: $360,828
Predicted sales growth: 4.6%
Predicted price growth: 4.5%
Median home price: $325.045
Predicted sales growth: 6%
Predicted price growth: 3%
Median home price: $375,000
Predicted sales growth: 3.1%
Predicted price growth: 5.7%
Median home price: $358,501
Predicted sales growth: 1%
Predicted price growth: 7.7%
Median home price: $199,586
Predicted sales growth: 7.5%
Predicted price growth: 1%
READ THE FULL ARTICLE BY CLARE TRAPASSO AT
https://www.realtor.com/news/trends/top-housing-markets-of-2018/
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