RealtorMag
The housing market and economy are starting the year with a fairly strong start, but several challenges persist in 2018. Freddie Mac economists point out some of the biggest risks to the economy and housing markets: declining affordability, obstacles to millennial homeownership, and the possibility of another recession.
Home sales, housing construction, and housing prices are expected to move modestly higher in 2018 compared to 2017, Freddie Mac notes. The economy is also predicted to grow, but “we don’t expect it to be strong enough to generate income gains that will keep pace with house prices, resulting in declining affordability that can slow housing market activity,” Freddie Mac’s report notes.
