The fact that employment continues to grow will allow consumers to purchase property or upgrade to a new one. According to Adam Hochfelder, a real estate executive and developer with a successful career, this will probably be one of the main drivers behind 2018.
This year, we can also expect a healthy growth in home sales and prices, although at a slower pace than in 2017. Still, we should not take this slowdown as an indication of an issue, because it’s simply a return to normal standards. The last 15 years we have lived in somewhat abnormal trends, and after working off the devastating effects of the housing bust, we’re finally seeing signs of more normal conditions.