Welcome to the SDsells.com Blog

2018-06-18 14:03:36
2018 Impacts On Home Values

Recently, the National Association of Realtors (NAR) conducted an analysis to determine the impact the new tax code may have on home values. NAR’s analysis: “…estimated how home prices will change in the upcoming year for each state, considering the impact of the new tax law and the momentum of jobs and housing inventory.”

Below is a map, broken down by state, reflecting how home values are forecasted to change by the end of 2018 using data from the most recent report.

While home prices are expected to increase by 1.9% on average in 2018, here are the top 5 states where prices will rise more than the average:

1. Colorado: 5.9%
2. Utah: 5.7%
3. Arizona: 5.6%
4. Washington: 5.5%
5. Idaho: 5.5%

Nationwide, NAR is projecting slower growth in home prices of one to three percent in 2018. That is a marked slowdown from the five to seven percent annual gains of the past five years. Since all real estate is local, there will be some markets with price gains and other markets with actual price declines. Colorado (5.9%), Utah (5.7%) and Arizona (5.6%) are expected to be the states that will experience the strongest price gains in 2018. However, some local markets, particularly in high cost, higher tax areas, will likely see price declines as a result of the legislation’s new restrictions on mortgage interest and state and local taxes such as New Jersey (-6.2%), District of Columbia (-4.8%) and New York (-4.8%).

How did NAR come up with these estimates? First, they determined the main factors affecting the housing market in 2018. Of course, there are a slew of other factors, which have an impact on home prices, but the following four factors need to be considered as driving forces of the housing market in 2018:

1. Current housing market conditions and momentum
2. New tax law impact
3. Interest rate effect
4. Employment and construction scenarios

 

 
Blog Archive
2018-06-18 14:03:36
2018 Impacts On Home Values

2018-01-16 15:32:58
Requirements for Purchasing a Home

2018-01-10 17:33:19
Energy Ratings for Windows & Doors

2017-11-14 13:38:20
Home Buying Process

2017-09-18 12:25:12
What Affects Property Values?

2017-08-22 10:42:01
UCSD Ranked 15th in the World

2017-08-03 09:19:12
BATHROOM TRENDS FOR 2017

2017-07-11 10:53:08
California's New-home Energy Goal 2020

2017-04-08 12:32:58
3 Reasons You Should Buy a Home by 2017

2017-03-30 11:46:55
Top Landscaping Trends

2017-02-24 11:53:36
CA Housing Market High Jan. 2017

2017-02-09 15:58:29
For Sale By Owner?

2017-02-06 10:17:08
National Housing Index Hits New Peak

2017-02-03 17:58:33
Trump Suspends FHA Fee Reduction

2017-01-19 11:00:43
THE Most Expensive Home: $250M Bel Air Mansion

2016-12-16 16:35:31
Fed Raised Interest Rates By 0.25%

2016-12-12 16:27:16
Rents Rise 12% in San Diego

2016-12-07 16:19:43
5 Reasons Homeowners Should List Their Homes Now

2016-11-28 16:13:57
Bathroom Design A to Z

2016-11-18 11:39:18
10 Ways to Use Deep Purple Foliage in Your Garden

2016-10-10 11:30:29
Decorating Smaller Spaces

2016-10-07 00:48:33
Energy efficient Homes have higher values

2016-09-30 00:34:04
Should You Rent Out Your Home?

2016-09-15 00:16:40
Eight Steps To Selling Your Home

2016-08-12 00:08:24
Should You Borrow From Your 401k?

2016-07-29 23:55:45
Home prices see highest increase since 2007

2016-07-13 23:23:59
Home Equity: How to Use It

2016-07-01 23:13:23
CALIFORNIA MORTGAGE RATES TO 3.31%

2016-06-09 22:56:34
Renting vs. Buying

2016-05-19 22:39:31
Write Off Your Moving Expenses

2016-04-15 22:31:12
How to Increase Your Home's Value

2016-03-31 21:34:47
Why You Should Be Excited About the Housing Market


Comment on this Article

Your Name:
Your Email:
Comments:
Verify:  Please enter the numbers shown to help eliminate spam.