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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