November 14, 2024 12:31 am
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Realtors forecasting slower growth in home prices for 2018

Lack of inventory continues to plague market

By Max Efrein | The Daily Courier

Forecasts for the 2018 real estate market are indicating slower growth in home prices nationwide and a continued shortage of available homes as developers and home builders are now working to catch up with spiking demand after years of housing stagnation.

Overall, 2017 was a strong year for home prices. Nationwide they were up 6.2 percent in October from the previous year, according to recently released data from the S&P CoreLogic Case-Shiller National Home Price Index. The increase in home values has been accelerating for 16 consecutive months.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.