Housing market forecast : Experts weigh in on 2018 real estate
The benchmark 30-year fixed-rate mortgage averaged 3.99% at the end of 2017. should i buy a house now or wait until 2018
In 2017, the housing market was defined by , which hovered around 3.9% to 4.0% for most of the year. For many, this presented a "last chance" to lock in lower monthly payments before the Federal Reserve’s planned interest rate hikes took full effect. Housing market forecast : Experts weigh in on
The decision between buying a home in late 2017 versus waiting until 2018 presents a classic tradeoff between and potential inventory relief . The Case for Buying in 2017 The decision between buying a home in late
If you prioritized monthly affordability , buying in 2017 was generally the better move to secure a lower interest rate. If you were focused on selection and were willing to pay a premium in interest for a house that better fit your needs, waiting for the 2018 inventory bump was a viable, albeit more expensive, strategy. AI responses may include mistakes. Learn more
For those who waited, the primary hope was a . Some analysts predicted that more homeowners would list their properties, potentially slowing the rapid price surges seen in previous years.
Housing starts were projected to increase to 1.33 million units in 2018, offering more options for those frustrated by the lack of existing homes.