2018 real estate forecast

Performance Property Real Estate Question

2018 Real Estate Market Forecast

Q: Gerald, what’s your 2018 forecast for the Real Estate Market? Cindy, Scotch Plains, NJ A: Happy New Year to you, Cindy and to everyone in my real estate insider family! Cindy, there is no “real estate market,” every local real estate market is unique and different. However, there are characteristics of my local market in North Jersey that you are seeing in many other places. One characteristic is low housing inventory–this is why home prices have been edging up so fast in so many places, because there simply isn’t enough available housing for sale to meet demand for a variety of reasons. I see no significant increase in residential family construction this year so I expect inventory levels to […]

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