McEnearney Marketwatch (April 2018): “2017 ended with a bit of a whimper, as contract activity on our region’s real estate market cooled off along with the weather. But it was an overall solid year, with Washington, DC continuing to outpace its suburban neighbors. What’s ahead for 2018? We’ll put our forecast into three categories: Steady State, the Wildcard and the Tantalizing Possibility.”
Current Market Conditions: Spring 2018
- Tax law changes, low inventory and tight credit may present extra hurdles this year for people buying their first homes (New York Times)
- Nearly $83K is the salary needed to buy a typical home in D.C. (Curbed DC)
- A flat year for new condo sales in D.C. area set the stage for a resurgent 2018 (Urban Turf DC)
- One in four D.C. home sales were above asking price in 2017 (Curbed DC)
- D.C.’s 2017 rental market, summed up in one graph (Curbed DC)
Homeownership/Buying Trends
- Home ownership can still be a realistic goal for certain Washington-area renters (Greater Greater Washington)
- To buy or to rent: The great homeownership debate (Curbed)
- The American Starter Home: Expensive, small, broken down and hard to find (Trulia)
- Tax bill: Some realtors see cooling off, not collapse, of high-end home market (Curbed)
- Here’s what the final version of the tax bill means to homeowners, buyers and sellers (Washington Post)
- In the 100 largest U.S. housing markets, 9 out of 10 retirement-age baby boomers and older Americans want to stay in their homes (Wall Street Journal: Real Estate)
- Why homes in the suburbs may get hot again in 2018 (Washington Post)
Exterior/Interior Trends
- The Forecast: 2018 Trends in Staging (REALTOR Magazine)
- Ditching the Tub (New York Times)
Updated April 30, 2018
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