3rd Quarter 2018 National Housing Economic Report Mark Boud, Senior Vice President & Chief Economist of Metrostudy, presented the 3rd Quarter 2018 National Residential Economic Report. Third quarter report highlights — 1) The national housing market will continue to be significantly under supplied. There remains enormous levels of pent-up housing demand in the lower to moderate prices; 2) The national housing market will become increasingly overvalued, but the risk of a price collapse is small due to under supply; 3) The surge in the remodeling/renovation market will continue; 4) Rising mortgage rates will continue for the next 24 months, and inflationary pressures are building; and 5) 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.
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