The very nature of real estate is ever-changing. Trends come and go so frequently it can be impossible to keep up, however, we scoured the nation’s top broker and agent expectations for the year ahead, and we weren’t disappointed by their predictions. Here are a few things all home buyers should be looking out for in 2018.
Community Driven Space
As long as the cost of living continues to skyrocket while median wages stagnate, more and more millennials will continue co-living well into their 30s. For buyers looking to turn around their properties, consider renovations that focus on shared spaces, community outdoor areas, and ease of access for multiple residents.
Tiny Houses were a hot topic in real estate circles for most of 2017. As more and more people rejected the notion that space equates to prestige, they instead turned to homes with fractional carbon footprints and surprisingly charming uses of space.
New Appraisal Legislation
Cindy Nasser of PCV-Murcor informs us that “…the new tax bill may further restrict new home-buyers from entering the market. Implementation of appraisal management company regulations in 2018 will increase costs and have the greatest impact on our business. It will increase the cost to do business, which will ultimately increase the cost to the consumer.” (Ms. Nasser’s remarks reposted from Forbes.com)
Stonebridge Mortgage Group can help you with your Reverse Mortgage, Real Estate Loan, and many other mortgage solutions. We serve the greater Portland area and are located in Gresham, Oregon. Call us today at 503.661.5580.