Soaring home prices have priced out many people from the housing market, especially millennials. According to Realtor.com's 2018 Housing Market Forecast, that could all change next year.
Realtor.com predicts that inventory issues will turn around, helping to slow rising home prices. They have already seen improvements at the end of 2017, and expect new construction to improve inventory issues even more.
Danielle Hale, Chief Economist at Realtor.com, discusses the other forecasts Realtor.com is making for 2018. They believe Southern cities will lead the country with the highest growth rates.
Hale notes that nothing is for certain, especially given the proposed tax reform bills in both the Senate and the House. If those proposals pass and are signed into law, they could have significant impacts on incentives to move and buy a new home.
About 780,000 pressure washers sold at retailers like Home Depot are being recalled across the U.S. and Canada, due to a projectile hazard that has resulted in fractures and other injuries among some consumers.
President Donald Trump has fired one of two Democratic members of the U.S. Surface Transportation Board to break a 2-2 tie ahead of the board considering the largest railroad merger ever proposed.
