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Real Estate Trends 2017: What You Need to Know to Buy a Home in 2018 - Jeff Brand Team

Jeff Brand Team - The Real Estate Experts


Real Estate Trends 2017: What You Need to Know to Buy a Home in 2018

posted by: Jeff Brand in Blog

Researchers from – a leading real estate website – recently crunched the numbers and produced their list of real estate trends from 2017 – and what they mean for 2018. While some things vary slightly for North Texas specifically, we think it paints a good picture of what’s going on in American real estate now. Here are a few trends they found:

Homes are Flying Off the Market

As we’ve known this is a trend in North Texas, it’s interesting to see it computes nationwide. In fact, Trulia found that homes are selling faster than any other time period since they began keeping track (2012).

Our word of advice for 2018: know your market. Work with a well-qualified realtor who can guide you through the process and keep a level head even when you want to crack to the pressure. A top real estate agent is vital to working the ins and outs of a booming market.

Price Cuts are Most Abundant in Late Summer

Most people think that late Fall and the holiday season are the best time to get price cuts on homes, but Trulia’s research found otherwise. In fact, August-October is the best time since many people are getting back into school schedules and do not have their eye on a new home.

If you’re in the market for a home in early 2018 but don’t find one, don’t get discouraged. A deal may be on the horizon later in the year.

Many Deals Fall Apart Before Closing

You’re offer has been accepted – whew! While it’s okay to rejoice, remember that the deal is not done yet. Trulia found that the rate of deals falling apart prior to escrow has been on the rise, particularly in the starter home segment. Rely heavily on your Flower Mound realtor to guide you through the process so you don’t lose the home of your dreams.

These are just a few of the real estate trends; you can read the full article here. Bottom line: if a new home is on the horizon for you in 2018, call your trusted Flower Mound realtors at Jeff Brand & Associates today! We’ll help you find the home of your dreams!

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