ORLANDO, Fla., Jan. 9, 2018 /PRNewswire/
-- Realtor.com® partnered with Builders Digital
Experience (BDX) to deliver its unique housing economic insights to
the builder community, releasing a special edition of its 2018
Housing Forecast today at The NAHB International Builders'
Show®.
Realtor.com® 's 2018 housing forecast highlights
a growing economy and positive demographic trends, creating
opportunities in the housing market despite the affordability
challenges buyers will face from rising prices and mortgage
rates.
Key takeaways for builders in 2018 include:
- Entry-level home construction a huge opportunity
– Entry-level homes will continue to see price gains due to
the larger number of buyers who can afford them and more limited
homes available for sale in this price range.
- Millennials anticipated to gain market share in all
home price segments – With the largest cohort of
millennials expected to turn 30 in 2020, their homeownership market
share is expected to increase. As they age into peak family forming
years, their top housing priorities will shift from proximity to
urban life to more space and quality schools.
- Southern markets predicted to lead in sales
growth – Strong economies and healthy building levels will
help drive Southern markets to beat the national average home sales
growth. Builders who can adapt to regulatory hurdles in more
challenging Western markets will find that prices still outperform
national average growth in this region.
- The tax bill is a game changer – With the passing of
the Tax Cuts and Jobs Act, the wealth and income effect of tax
cuts will likely stimulate demand and increased production in the
short term, but could lead to fewer sales and impact prices
negatively over time in markets with higher prices and property
taxes. Be wary of economic capacity constraints as inflation will
kick in and the Fed will more aggressively increment interest rate
increases.
"Our collaboration with BDX over the last eight years
has enabled builders throughout the country to connect
with millions of realtor.com® users," said Tricia Smith, senior vice president of channel
sales and operations at realtor.com®. "We are proud to
deliver our housing insights to the builder community at a time
when many opportunities exist for the new construction
industry."
"Our relationship with realtor.com® gives our
builders a significant advantage as they are marketing their
homes," said Tim Costello, CEO of
BDX. "From new home community listings to multiple advertising
options, we are excited to give our clients the opportunity to
connect to this qualified and active group of shoppers."
A copy of the full realtor.com® 2018 Housing
Forecast, is available at the BDX booth, West Hall W5071, from
Jan. 9 - 11. For more housing
insights, visit the realtor.com® research portal at
www.realtor.com/research.
About realtor.com®
Realtor.com® is a leading online real estate destination
operated by News Corp [NASDAQ: NWS, NWSA]; [ASX: NWS, NWSLV]
subsidiary Move, Inc. Realtor.com®, a trusted resource
for home buyers, sellers and dreamers, offers the most
comprehensive source of for-sale properties, among competing
national sites, and the information, tools and professional
expertise to help people move confidently through every step of
their home journey. It pioneered the world of digital real estate
20 years ago, and today helps make all things home simple,
efficient and enjoyable. Realtor.com® is operated by
Move under a perpetual license from the National Association of
REALTORS®. For more information, visit
realtor.com®.
About Builders Digital Experience
For more than 16
years, Builders Digital Experience (BDX) has been a leading
provider of digital marketing and sales solutions for the home
building industry. In addition to running the top new home listing
site (NewHomeSource.com), and providing listings and
advertising on leading real estate website
realtor.com®, BDX offers website development,
virtual reality solutions, interactive floor plans, photo realistic
renderings, online design centers, and sales center kiosks.
Together, these online and interactive resources help builders and
manufacturers create a true digital experience for their buyers.
BDX is owned by the industry and works with over 1000 clients. For
more information, visit http://www.theBDX.com or stop by
booth W5071 at the International Builders Show in Orlando.
Contact:
Tammy Lee
Realtor.com®
tammy.lee@realtor.com
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SOURCE realtor.com