In her “2018 Playbook” CNBC’s Diana Olick takes a quick look at what happened in 2017 and we can expect in the real estate world for 2018. Those predictions include slightly higher home sales, home builders slowly increasing production and potential sellers are staying on the sidelines.
“Three years of low inventory is taking its toll on buyer demand in terms of tour and offer activity,” said Redfin chief economist Nela Richardson. “People still want to buy homes, especially before mortgage interest rates increase and prices rise even more. But there just aren’t enough homes for sale, especially at lower- to mid-level prices.”
Click here to read the full story on CNBC’s Realty Check.
Click here to see her predictions back in 2008!
