The decision between buying a home in late 2017 versus waiting until 2018 presents a classic tradeoff between and potential inventory relief . The Case for Buying in 2017
For those who waited, the primary hope was a . Some analysts predicted that more homeowners would list their properties, potentially slowing the rapid price surges seen in previous years.
Buyers faced extreme competition and a "tight" inventory environment, with the supply of homes for sale hitting record lows. The Case for Waiting Until 2018
In 2017, the housing market was defined by , which hovered around 3.9% to 4.0% for most of the year. For many, this presented a "last chance" to lock in lower monthly payments before the Federal Reserve’s planned interest rate hikes took full effect.
