What’s Ahead for Real Estate in 2018

It’s that time of year again, when we all do our best to predict the ups and downs of the real estate market for the year ahead. While we can’t know for certain what the future holds, there are a few educated guesses we can make, and all of them encourage you to Buy Now.

Interest Rates

Mortgage interest rates are slowly creeping up, and financial experts expect them to continue to rise over the course of 2018. Right now, rates continue to hover near historic lows. That means it is an optimal time to buy. Lower interest rates on a 30-year fixed rate mortgage will save you money now and in the future, as you watch your neighbors pay more for the same loan product.

Low Inventory

Metro Atlanta builders are trying to keep up with demand, but it’s tough to satisfy it quickly enough. Likewise, resales are hard to find. Housing inventory remains low, which means prices are bound to go up as more buyers jump into the busy spring market. Construction costs are going up, as well, which may work to raise prices in the months ahead. Get ahead of the curve and start your home search now. Sellers during the winter months are usually highly motivated to sell and more likely to negotiate.

More Competition

Whether you are looking to buy or sell in 2018, if you wait for spring (as so many do), you’ll face more competition.  There will be more homes for sale, more buyers in the market, and proper representation will be more important than ever.  The best way to combat such fierce competition is to have a qualified local expert on your side.  Peggy Slappey Properties REALTORs are the best in the business and can help you navigate multiple offer situations and tough negotiations. Call 770-271-5555 to connect with one today, or visit www.psponline.com to start your home search now.

Nearly every prediction gives a glowing forecast to real estate in 2018. The US economy is growing faster than it has in years, which means people have jobs, better credit, and money to spend. Millennials are finally buying, too – shaking off the burden of monthly rent that gives no investment return. More Baby Boomers are expected to downsize in 2018, as well, buying smaller, newer homes that involve less maintenance.

It looks like a hopeful year ahead, indicating a seller's market as the year progresses. If you want to buy in 2018, right now is probably your best opportunity for a great deal. Start your search at www.psponline today, where you can search for properties, save your favorites, and come back later to check new listings.

Peggy Slappey Properties, Inc. is a Metro Atlanta real estate brokerage celebrating 35 years of experience in real estate sales and marketing.  From new home construction to resales, we can help you find the home of your dreams.  To see our current listings, visit www.psponline.com and call us for expert advice at 770-271-5555.  Keep up to date with the latest PSP events and offers by checking in on Facebook at https://www.facebook.com/peggyslappeyproperties and on Twitter at https://twitter.com/psponline.