Home Sales Expected To Soar Through 2018 What Buyers Need To Know

Home Sales Expected To Soar Through 2018 What Buyers Need To Know

By now just about every would-be buyer out there knows there simply aren't enough homes for sale these days to appease the hordes of competition. But despite the shortages, rising prices, and bidding wars, more homes are expected to be sold this year than in more than a decade.

In 2017, the number of sales of existing homes (which have previously been lived in) is expected to rise about 3.5%, to 5.64 million, according to the midyear forecast from the National Association of Realtors®. The group predicts that existing-home purchases will rise an additional 2.8% in 2018, to 5.8 million.

"The combination of the stock market being at record highs, 16 million new jobs created since 2010, pent-up household formation, and rising consumer confidence are giving more households the assurance and ability to purchase a home," NAR Chief Economist Lawrence Yun said in a statement. "However, prices are still rising too fast in many areas and are outpacing incomes."


Joe Pritchard Headshot
Author:
Phone: 214-478-5903
Dated: July 11th 2017
Views: 78
About Joe: ...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Be The Big Fish In The Pond - Homeowner’s Net Worth Is Still
My Golly Slim Pickens - Housing Inventory Hits 30-Year
Real Estate Is Still The Best Investment - Americans Still Believe Real
Inventory Drops Again Sales Slow - Inventory Drops Again, Sales Slow

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Scottie Smith, II & Associates
2717 Commerce St.
Dallas, TX
214-945-1370