Home Sales Expected to Soar Through 2018: What Buyers Need to Know

A website for the real estate industry has issued a feature predicting the number of home sales to continue to rise through 2018. A nationwide realtor group forecasts that home sales will go up by 3.5% this year, and 2.8% in 2018. The high demand for homes is attributed to new jobs and increased confidence in the economy. Builders are trying to meet the demand, with sales of new homes expected to rise by 10.7% in 2017. An economist noted that as home buyers are cutting back on the size of homes, or doing without other home expenses in order to stay in their homes.

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