As we move into the new year, the housing market reflects on 2017 and looks forward into 2018 and its forthcoming prime season. Windermere’s Chief Economist, Matthew Gardner, forecasts that 2018 will bring higher inventory levels, balancing the current rift between seller and buyer.
Interest rates are forecasted to continually rise, but at comparably modest rates to historic averages. Home prices are also expected to rise at lower rates in 2018, theoretically prophesied by increased inventory levels and buyer frustration in the current Seattle market.
Where do you think 2018 will take the local market? Will we continue as a seller’s market, or will level help balance the market? Check out the entire report here!
MATTHEW GARDNER Chief Economist for Windermere Real Estate, specializing in residential market analysis, commercial/industrial market analysis, financial analysis, and land use and regional economics.
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