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Experts Agree That Buying a Home Will Be Tougher in 2018


The incredible shrinking housing market will result in fewer homes being sold in 2018; and those that are, will carry a bigger price tag, according to an article in Realtor.com that took a look at 238 metro markets across the U.S.

Their findings indicate that households that earned the national median of $68,000 per year in 2017 could afford to purchase about 60% of new and existing homes. As interest rates rise, as well as home prices, look for that percentage to fall.

"Buyers should be prepared," says Robert Dietz, chief economist at the National Association of Home Builders. “It's going to be more expensive to afford a house over the course of 2018.”

With a dearth of available homes and a leveling off of new construction, more bidding wars and great frustration are in the offing.

For the full article, click HERE:

Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at harold.willig@springviewinvestments.com or 917-209-4452.

Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.

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