The ten biggest issues for real estate now and in the future

The 2018 Realtors Conference and Expo has highlighted some of the issues that are challenging the industry as we prepare for 2019. The event, organized by the National Association of Realtors, produced the annual Top Ten Impacts on Real Estate for 2018-2019, as named by the Counselors of Real Estate.

Source: The ten biggest issues for real estate now and in the future

Small increase in supply but rising rates are slowing demand

The US housing market is starting to see an increase in supply in some markets but buyers are not necessarily in a hurry to take advantage of the extra choice. Markets posting rising inventories may not see sales follow as rising interest rates and high prices giving potential buyers cause for caution according to an analysis of 171 metros by Redfin.

Source: Small increase in supply but rising rates are slowing demand

Fed announces rate hike decision

The Federal Reserve’s governing board has released its decision on interest rates while acknowledging that inflation is closing in on its target without indicating any intention to veer from their gradual path of interest-rate increases.

“Inflation on a 12-month basis is expected to run near the committee’s symmetric 2 percent objective over the medium term,” the policy-setting Federal Open Market Committee said in a statement Wednesday in Washington. “The committee expects that economic conditions will evolve in a manner that will warrant further gradual increases in the federal funds rate.”

Source: Fed announces rate hike decision