Last month I opined that “if the December market is a preview of what Valley real estate will do the following spring–and it typically is–we’re in for a scorchin’ spring 2018”. Welcome to a scorchin’ spring 2018.
The U. S. Fish & Wildlife Service is proposing to put the Yangtze sturgeon on its Endangered Species list. A recent press release from Zillow suggests that game officials might also want to consider adding Silicon Valley home sellers.
“With the economy anticipated to continue growing, demand for housing is expected to remain strong and incrementally boost home prices.”
Remodeling Magazine’s annual report on which home improvement projects give the most bang for the buck is either great guidance for homeowners and flippers looking to maximize their return on investment, or WAGs good for nothing more than a chuckle.
The nattering nabobs of negativism are at it again.
If the December market is a preview of what Valley real estate will do the following spring–and it typically is–we’re in for a scorchin’ spring 2018.
Breaking news! We’re in for another year of “accelerating home prices, expanding income and jobs, [and] new residents”.
The National Association of REALTORS chief economist, Lawrence Yun, predicts that new tax laws limiting deductions will cause home values in high-tax states such as California to drop, “potentially by up to 5 percent” according to CNBC.