Jan. 16, 2018

Layne and Rachel Harrison

​​​​​​​2017 was an amazing year in real estate. what will 2018 bring?

Happy New Year! With the new year comes new tax reforms. The recent tax law changes will have an impact on the real estate market. We will keep in touch with you to let you know how the market reacts to these changes. Home prices were up 7.9 percent in 2017 giving homeowners incredible property appreciation. Inventory remained low and mortgage interest rates stayed fairly consistent. Predictions within the real estate industry for 2018 vary. What is evident as we enter into 2018 is that low inventory and high demand for housing will continue to drive the market. Homeowner's properties may be worth significantly more than they think. The good news for buyers is that mortgage interest rates are still at historic lows. The 30 year fixed mortgage rate decreased the first week in January to very close to 4%. Contact us if you are considering buying or selling.