Trends to follow in 2018: Real Estate
As the United States economy continues to improve to every homeowner’s benefit, more Americans are hoping to buy a home before interest rates rise further. Additionally, home values continue to rise, and the low supply of homes available for sale does not align with high demand. As the housing market continues to recover from the financial crisis of 2008, here are some real estate trends to follow in 2018.
Many analysts speculate that the Federal Reserve will raise interest rates at least two times in 2018. Although many lenders have priced in the expected target interest rate increases, the 10-year Treasury bill is expected to rise to nearly 3 percent. Mortgage interest rates often mirror the interest (+ 2 percentage points) on the 10-year.
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