Housing markets have proven to be resilient despite predictions of more challenges this year for housing.
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“Despite a strong U.S. economy, historically low unemployment and steady wage growth, home sales began to slow across the nation in late last year.”
Home prices rose steadily throughout 2018, even as sales activity was in fluctuation compared to 2017 levels.
“Housing is still relatively affordable.” www.mplsrealtor.com
“A trend of market balance is emerging as we approach the end of 2018.”
“We are now several years deep into a period of rising prices and low inventory”
“Buyers may not benefit from higher prices, but sellers do, and there should be more listing activity by more confident sellers in 2018.”
“New tax legislation could have ramifications on housing.” Get The Skinny – November 2017!