Listing count is high while sales slow again. The market for single family homes is somewhat inconsistent right now. At first, the new mortgage regulations 'stress test' ruffled some feathers and created uncertainty for the new year.
Recently, a few of the other big name Realtors have asked my thoughts on how this will impact the year in 2018.
I think the uncertainty will quickly fade early in the new year. Especially now that Realtor and many in the public are aware the 'stress test' only applies to the banks and not the trust companies and credit unions. We will see a lot of people move over to get the financing for the homes they want. 2018 will be a good year.