What’s in Store for 2018? While it’s impossible to know for sure, experts analyze current trends to predict what may happen.

Home prices and values are expected to rise modestly.

Home prices have been increasing around the country, with cities such as Dallas, Portland and Seattle experiencing the largest year-over-year price gains.1 In fact, Washington has experienced the fastest rise in housing prices in the United States over the past few years.2 While the National Association of Realtors anticipates 2018 home prices will rise by 3.5 percent, Freddie Mac predicts they’ll increase 4.9 percent.3 This percentage may seem modest, but for cities such as Detroit, Las Vegas, Phoenix and San Diego, rising home prices may continue the 2017 trend of creating more pressure in the market.1 The good news is home values in 28 states have risen to above pre-crisis peaks and are at an all-time high.2

Rental prices are no longer increasing at the rate of home prices in most areas.4 Although the leveling off of rental prices may take some financial pressure off renters, for those thinking of buying, it’s a good time to turn their dream of homeownership into reality.

Excerpted from Buffini & Company. Used by Permission. See more in this full report! Click to download the January 2018 Real Estate Market Insights Report.