Housing industry experts are saying that the United States is now in a sustainable recovery period post-recession. Fitch Ratings recently forecasted that U.S. home prices are expected to rise 4.6 percent in 2018.
Ten states in particular, mostly in the Southern and Western regions of the nation, are slated to have strong housing markets in 2018. Nevada topped the list, as home prices are expected to continue to rise. The median home price is roughly $285,045. Realtor.com and Credit.com's ranking says that home values are expected to rise approximately 5.8 percent over the next 12 months. Over the last 12-month reporting period, home values in Las Vegas rose 8.6 percent.
Oklahoma City boasts one of the strongest — yet affordable — housing markets as we move into 2018. That makes it an attractive option for those looking to secure a mortgage with a manageable payment. Home prices average $99,000 there, which a bit lower than the national average, and also lower than the statewide median home price of $116,800. Thanks to a lower cost of living, steady job economy, and low crime rate, the state will continue to stay at the top of the U.S. housing market this year.
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