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The real estate market is daunting, especially since the housing bubble burst less than 15 years ago. While the pain felt through the economy made its way through the country, some indicators are showing that the market might be in for a change. The popular company Trulia, which monitors local real estate information to give a touch of community to their customers, conducted a survey to over 2,000 American adults to gain an understanding of just how the housing market might be bouncing back this year. Unsurprisingly, and not alone, Trulia’s competitor Zillow, echoes many of the same predictions for current homeowners. They predict that the ongoing issue with not enough houses on the market and too many buyers interested in locking on a low price lead to a drive in the market.The study found that 31 percent of those polled expected 2018 to be a stronger year for the market, and only 14 percent expect it to decline. An even stronger indicator of why selling that home this year might be a great idea: only six percent of participants plan on selling in 2018. Later on, we’ll dissect why this is good for you.
2018 has proved to be an equal successor to 2017’s real estate highs. Tons of home and rent prices rose consistently in 2017, with some even hitting their maximum amounts, while building on years of gradual escalation. What’s proved to be shocking this year is that 2018 has been a year of even more growth. In certain upraised markets, this increase has led real estate investors who have felt inclined to sell because of an anticipated fall in prices, to fret over the chance of a real estate bubble. Real estate bubbles occur when demand decreases as supply increases. So no surprise there that there is concern over a price drop. But with one of these upraised markets being Los Angeles, we feel inclined to uncover the truth about their increased house prices, since there’s a lot of fake information out there. We’re going to walk you through a series of myth busters so that you too can understand the ropes of marketing as well as we have in our years of learning.
The housing market in the U.S is a complex thing to understand and keeping track of all the economy patterns and trends is even harder. So luckily for you, we did it ourselves.The economy affects all of us so we’ve taken the time to collect 8 estimations for the U.S housing market this year. Or more specifically, the Los Angeles area. The Sellers will have the Advantage in the Real Estate Market As of now, there is much more demand than supply. That means too many people wanting houses and not enough houses to buy. So understandably, an economic reverse would have to take place for buyers to have the advantage and quite frankly, that doesn’t seem likely to happen in 2018. Affordable homes will continue to Decrease As we’ve already mentioned, there’s a noticeable shortage in supply. So people buying these homes quite likely will have increased mortgage rates as well as raised house prices. And put simply, lets just say you don’t want to be in a region with ascending job growth paired with deficient supply.
Come and visit our weekend open house at Moorpark California on Saturday, 9/22 from 11am -3pm, & Sunday 9/23 from 1-4pm. Welcome to this charming 2 story family home in beautiful Moorepark. The home has lots of natural light a nice kitchen with stainless steel appliances, which are included in the sale. There are 4 bedrooms, 3 bathrooms, a large walk-in closet in the master bedroom, 3 bedrooms upstairs and1 bedroom down, which can be used as a den or office.Adorable back yard.
