The Residential Economic Report – National Edition 4Q18
Join Mark Boud, Senior Vice President & Chief Economist of Metrostudy, as he presents the 4th Quarter 2018 wrap up of the National Residential Economic Report.
Fourth quarter report highlights —
- The national housing market will continue to be significantly under supplied in Year 2019. There are high levels of pent-up housing demand in the lower price ranges.
- The national housing market will become increasingly over valued, but the risk of a price collapse is small due to under supply.
- Rising mortgage rates will continue for the next 24 months, and inflationary pressures are building.
- Overall, we’re in the TOP of the 8th inning of the cycle, with a mild to moderate moderate correction predicted beginning in Years 2020/21. Though markets are over valued, few markets have developed a “supply bubble”
The National Residential Economic Report is a modeled forecast released quarterly of over- and under supply of housing in the nation, as well as over- and under valuation, which impacts the future of housing most significantly. The five-year forecast is further informed by recurring national indices that track construction starts, employment, and other key indicators, and provides us a framework to forecast the future state of housing across the nation, and in major markets.
These reports are available for every major US Metropolitan market. For more information on The Residential Economic Report, visit: www.metrostudy.com/products-services/residential-economic-report/