Real Estate 2018: What to ExpectAs we head into a new year, the most common question we receive is, â€śWhatâ€™s the outlook for real estate in 2018?â€ť Itâ€™s not just potential buyers and sellers
San Antonio Housing 2017 And Beyond
As we move into 2017, I thought it would be a good time to research factors and trends that will have an impact on housing this yearâ€¦and beyond.
First of all, we will be seeing moderately rising interest rates. The key word is RISINGâ€¦You are better off buying sooner rather than later and locking in that lower rate.
Experts see a low risk of a housing crash for most major citiesâ€¦Certainly not in San Antonio with a tight market, lower home prices than other major cities in Texas and continuing population growth.
Millennials are coming into their main home buying years. Something can be said about the fact that they are carrying large amounts of student debt, have little in savings and prefer spending money on just living rather than housing, but the fact of the matter is that over 33% of this demographic will be buying homes this year.
There will be a trend toward government deregulation, repatriating jobs from overseas and â€śdraining the swampâ€ťâ€¦all trends that bode well for housing.
This, the longest positive business cycle in history, is expected to continue through 2020. We are flirting with Dow 20,000, after all.
My â€śboots on the groundâ€ť outlook for San Antonio is a slight moderation of housing price increases, a continued tight housing market, buyers showing a strong preference for â€śmove-in readyâ€ť homes with updated styling and buyers placing a premium on location that will minimize their commuting time/distance.