1. Residential Real Estate Market of Hyderabad, Bangalore, Pune in Revival Mode, Says Modi Builders Marketing Head
  2. Why 2018 Is Off To A Bad Start For Those With Credit Card Debt
  3. Here’s What You Need To Know To Launch A Successful Side Hustle
  4. Why You Should Build A Giving Portfolio Today
  5. Why Following The Investment Experts In 2017 Would Have Lost You Money
  6. Why 5 Big Players Bemoan Bitcoin
  7. More Than Half Of Americans Don’t Have These Essential Estate Documents, Do You?
  8. More Booms And Busts As SEC, Fed Lose Independence?
  9. Ripple Drops More Than 30% In A Week As Hype Fades
  10. Go Back To Work Or Stay Home With The Baby? Part 2: How To Do Both
  11. Aalok Devkota Sells Ameren And Pilgrim’s Pride, Buys iRobot And Baozun
  12. Average Cost Of An American Christmas
  13. The Key to Financial Independence? Saving Money
  14. How to Build Savings From Zero
  15. 4 money lessons every teenager needs to know
  16. Warning About Roth IRA Conversions: Often Misunderstood IRS Rule Can Cost You Money and Aggravation
  17. IRS Sets Final 2018 Deadline For Roth Conversion Do-Overs
  18. How This Technology WIll Change Small Businesses
  19. Are you hiding money from your live-in partner?
  20. Do you have stock market FOMO?
  21. Is 2018 the year to buy a house?
  22. Millennials may look financially healthy, but…
  23. 4 money lessons every teenager needs to know
  24. If You Don’t Have Money In the Bank, Something Is Off in Your Business
  25. 3 Tech Strategies You Can Use to Earn and Save More Money
  26. Top Sources of Capital for Business Owners
  27. Revealed: Steps on How to Incorporate Your Business
  28. Secrets of Running a Successful Crowdfunding Campaign
  29. What direction to go If Your Parcel Shipping Is Too Heavy?
  30. B.C. premier’s Plan A in the wake of Site C
  31. Nornickel plans investing 1 trillion rubles in ecology, modernization within five years
  32. Understanding how Financial Instrument Leasing Works
  33. What is So Fascinating About Property Investment?
  34. NCR housing investments risk a collapse, warns Delhi realtor Jagmohan Garg
  35. Top Guide of Ico Ranker
  36. Which cheap and best rank tracker is Right?
  37. DISCOUNT REALTY HOMES FOR SALE ON THE WEB
  38. Importance And Benefits Of Getting Installment Loans Up to $5000
  39. Growing Future Naturopathy Authorities
  40. Before Starting a New Business, Every Start up Needs This Report
  41. I ought to just try
  42. Saw that it was covered
  43. People all the time
  44. He must have tried
  45. He always rolled back
  46. Get into that position
  47. Chooses to enjoy a pleasure
  48. Every pleasure is to be
  49. These matters to this principle
  50. I lie close to the earth
  51. Heaven and earth seem
  52. However a small line
  53. About the blind texts almost
  54. The coast of the Semantics
  55. Supplies it with the necessary
  56. Dragged her into their agency
  57. Had grass morning
  58. Where they abused her
  59. Said could convince her and
  60. Around and return to its own
  61. Replenish itself
  62. Came from it would have been
  63. If several languages coalesce
  64. To achieve this it would be necessary
  65. I neglect my talents
  66. Heaven and earth seem
  67. Grammar resulting language
  68. Her for their projects again
  69. Where it came from it
  70. Then she continued her way
Thursday, February 22, 2018
  1. Residential Real Estate Market of Hyderabad, Bangalore, Pune in Revival Mode, Says Modi Builders Marketing Head
  2. Why 2018 Is Off To A Bad Start For Those With Credit Card Debt
  3. Here’s What You Need To Know To Launch A Successful Side Hustle
  4. Why You Should Build A Giving Portfolio Today
  5. Why Following The Investment Experts In 2017 Would Have Lost You Money
  6. Why 5 Big Players Bemoan Bitcoin
  7. More Than Half Of Americans Don’t Have These Essential Estate Documents, Do You?
  8. More Booms And Busts As SEC, Fed Lose Independence?
  9. Ripple Drops More Than 30% In A Week As Hype Fades
  10. Go Back To Work Or Stay Home With The Baby? Part 2: How To Do Both
  11. Aalok Devkota Sells Ameren And Pilgrim’s Pride, Buys iRobot And Baozun
  12. Average Cost Of An American Christmas
  13. The Key to Financial Independence? Saving Money
  14. How to Build Savings From Zero
  15. 4 money lessons every teenager needs to know
  16. Warning About Roth IRA Conversions: Often Misunderstood IRS Rule Can Cost You Money and Aggravation
  17. IRS Sets Final 2018 Deadline For Roth Conversion Do-Overs
  18. How This Technology WIll Change Small Businesses
  19. Are you hiding money from your live-in partner?
  20. Do you have stock market FOMO?
  21. Is 2018 the year to buy a house?
  22. Millennials may look financially healthy, but…
  23. 4 money lessons every teenager needs to know
  24. If You Don’t Have Money In the Bank, Something Is Off in Your Business
  25. 3 Tech Strategies You Can Use to Earn and Save More Money
  26. Top Sources of Capital for Business Owners
  27. Revealed: Steps on How to Incorporate Your Business
  28. Secrets of Running a Successful Crowdfunding Campaign
  29. What direction to go If Your Parcel Shipping Is Too Heavy?
  30. B.C. premier’s Plan A in the wake of Site C
  31. Nornickel plans investing 1 trillion rubles in ecology, modernization within five years
  32. Understanding how Financial Instrument Leasing Works
  33. What is So Fascinating About Property Investment?
  34. NCR housing investments risk a collapse, warns Delhi realtor Jagmohan Garg
  35. Top Guide of Ico Ranker
  36. Which cheap and best rank tracker is Right?
  37. DISCOUNT REALTY HOMES FOR SALE ON THE WEB
  38. Importance And Benefits Of Getting Installment Loans Up to $5000
  39. Growing Future Naturopathy Authorities
  40. Before Starting a New Business, Every Start up Needs This Report
  41. I ought to just try
  42. Saw that it was covered
  43. People all the time
  44. He must have tried
  45. He always rolled back
  46. Get into that position
  47. Chooses to enjoy a pleasure
  48. Every pleasure is to be
  49. These matters to this principle
  50. I lie close to the earth
  51. Heaven and earth seem
  52. However a small line
  53. About the blind texts almost
  54. The coast of the Semantics
  55. Supplies it with the necessary
  56. Dragged her into their agency
  57. Had grass morning
  58. Where they abused her
  59. Said could convince her and
  60. Around and return to its own
  61. Replenish itself
  62. Came from it would have been
  63. If several languages coalesce
  64. To achieve this it would be necessary
  65. I neglect my talents
  66. Heaven and earth seem
  67. Grammar resulting language
  68. Her for their projects again
  69. Where it came from it
  70. Then she continued her way

Home buyers aren’t going to catch much of a break this year.

Sellers will remain in the driver’s seat as buyers continue to face affordability issues thanks to low housing supply.

“The challenges for buyers in the market haven’t changed that much from last year” said Keith Gumbinger, vice president of mortgage website HSH.com.

What’s more, home loans are expected to get more expensive as the year progresses.

Here’s what home buyers and sellers can expect from the housing market this year:

Homes will remain in tight supply

The supply of housing still won’t be able to keep up with demand this year, experts predict. And the homes that do hit the market will sell fast.

A balanced housing market tends to have about six months of supply, according to Nela Richardson, chief economist at Redfin. In December, the market had less than three months of supply, and homes were selling five days faster than the year before.

Richardson expects 3% more sales this year compared to 2017. But competition will be fierce.

“First-time buyers are going to have to juggle a lot of balls,” she said. “As long as we have an inventory shortage we will have bidding wars.”

Related: How much house can you afford?

The good news is that home building is expected to increase 10% this year, according to Lawrence Yun, chief economist for the National Association of Realtors, to reach around 1.3 million new single-family homes. But that’s still not enough to keep up with population growth and job creation.

Builders had been focusing on the more profitable luxury market during the housing recovery. But Gumbinger expects them to shift downmarket.

“They have been shifting toward more middle-market and starter homes,” he said. “Rather than the 3,500-square-foot home, the focus has been more lower cost.”

Home prices will slow

Home prices have risen exponentially in many housing markets — especially those with thriving job markets. Experts expect home values to continue to rise nationwide — but at a slower pace.

“Prices cant go up at the pace they have been in those hot markets forever,” said Gumbinger. “Because of the difficult in affordability, sales will slow in those marketplaces.”

Related: For many, the rent is still too damn high

Richardson is expecting a 6% increase in home prices nationally this year while Yun predicts a more temperate 2% gain.

Yun said southern states like Texas, Florida, and Georgia could see stronger home price appreciation as Americans seeking more affordable housing and strong job markets continue to move in.

Loans will get more expensive

After sitting below 4% for much of 2017, mortgage rates are expected to rise — a little.

“This will be the year mortgage rates make some measurable increases,” said Yun. “Not anything significant or alarming, but it could hit 4.5% by year end, and that will tame some of the home-buying enthusiasm.”

Mortgages have already crossed the 4% threshold in 2018, hitting 4.04% last week.

“Be as prepared as you can,” recommended Gumbinger. “Get your credit as high as it can be, get your loan paperwork in order and easy to get to.

Kingofseo

0 Comments

Leave a Comment