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Low housing inventory, the new tax reform law, and homeownership rates — primarily among millennials — will dominate the housing market headlines in 2018, according to eight leading economists. Other key topics touched on by many of the economists included the impact of an increasing homeownership tenure, the importance of new construction, and the rising affordability challenges. P1 8 ECONOMISTS PREDICT 2018 HOUSING MARKET TRENDS In 2018 we will see a number of markets where home prices climb into bubble territory, renting will continue to be a popular option, and while some markets will have strong growth, a much larger number will grow at a very modest rate, according Ingo Winzer, founder and president of Local Market Monitor. Winzer names names when it comes to what he calls the bifurcation of markets: those that are seriously overpriced or headed that way in the near future; and those that will continue to offer housing at reasonable prices. P18 MY TAKE: 2018 AND BEYOND A seven-year stretch of ranking in the nation’s top 10 metro areas for most foreclosure filings, along with high unemployment and a population exodus during the Great Recession — followed by the largest municipal bankruptcy in U.S. history — took the Motor City into an economic abyss from which it is finally emerging. P22 LOCAL SPOTLIGHT: DETROIT’S ROCKY HOUSING REBOUND An analysis of first names of homebuyers in 2017 sheds light on which generation is becoming more active buying homes — primarily millennials with names like Dylan, Chelsea, Austin, Alexandra and Taylor — and which generations are becoming less active — Gen-Xers and the pre-baby boomer Silent Generation and Greatest Generation with names like Gerald, Kristin, Stanley, Kurt and Jaime. P30 BIG DATA SANDBOX: THE 2017 HOMEBUYER NAME GAME The Q3 2017 home flipping rate increased from a year ago in 44 of the 93 metropolitan statistical areas analyzed in the report, led by Baton Rouge, Louisiana; Winston-Salem, North Carolina; Salem, Oregon; Indianapolis, Indiana; and Buffalo, New York. See how your local market fared when it comes to home flipping with our interactive home flipping heat map. P31 DATA IN ACTION: WHERE HOME FLIPPERS ARE FLOCKING
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