Although you should probably keep your distance from anyone that says they can predict the market perfectly, there are certain financial indicators that can help forecast buyer and seller behavior and its effect on home prices. The new tax law has everyone on edge. No one knows what this law will do to buyer demand or inventory levels. However, Keeping Current Matters and CoreLogic have done an amazing job compiling data into two infographics that will help your everyday consumer understand its effects.
Predictions on 2018 prices without new tax law enacted:
Adjusted predictions with new tax laws enforced:
With or without a new tax code, appreciation is in site. With continued low rates, it is still an extremely good time to buy or sell.