There are two important issues happening right now that will affect how we do business in 2018.
For today’s topic, we’re going to briefly touch on two very important things going on right now that are going to affect the way we do business coming in 2018.
The most important one is that the Fed has raised interest rates by about 1.25%. This pretty much sets the stage for what’s going to happen in 2018, where they are foreseeing that there will be another three or four increases.
The Fed has increased rates by about 1.25%,
and they predict that they’ll increase rates another three or four times next year.”
Even though to them this is a moderate rise in the rate for someone who is buying a home, it does impact a lot. If you’re thinking of selling your home and you’re waiting for summer so that you can have more buyers, I would definitely suggest that you start now, because the next rate hike will be in the first quarter of next year. That will definitely diminish the pool of potential buyers that can afford your home.
On the other side, if you’re trying to buy a home, you definitely shouldn’t be waiting. If you’re already pre-approved and ready to go, you should begin house shopping right away.
The other issue at hand that will affect the way we do business is the repeal of net neutrality. I believe that it could possibly be stopped by Congress, but if not, you should try to understand how that is going to affect the way you browse online when looking for homes.
I think these two topics are going to be of great importance coming forward in 2018.
If you have any questions about these or other topics, feel free to give us a call or send an email. I look forward to seeing you all in 2018. Happy holidays!