Are We Headed for a Market Crash in 2018?

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Will the real estate market crash in 2018?

Let me get this full disclaimer out of the way—I’m not an attorney, I’m not a CPA, and I can’t predict the future.

That being said, I’m sure you’ve read articles online or heard rumors that our market is headed for a recession. I will say that it’s definitely possible—we haven’t had a recession since 2008 and 2009, and we get a recession every eight to 10 years, so technically we’re overdue.

Should you sell your home now, though? I would definitely consider it if you don’t want to be in that home for the next five to 10 years. If that’s the case, it would probably be wise to sell the home, take the equity, and buy another house you see yourself living in for the next seven to 10 years so you can lock in the interest rates while they’re still below 4%.

Be happy where you’re at—that’s the key. If you’re not happy where you’re at, sell now. Don’t wait a year or two. Every year you wait, you increase your chances of selling in a buyers market with declining prices.

If you’re a buyer thinking you’d rather rent for the next five to seven years and wait this possible recession out, that’s fine, but renting at $1,500 per month for five years means you’d be throwing away $90,000 on rent. That’s $0 toward your financial future.

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If you’re still renting, you need to buy and start working on building equity for your future.

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If you buy a home and make payments on it for the next five to seven years, it’s no big deal if the market adjusts. Just stay in the house and keep making your payments until the house is paid off and you’re mortgage and debt-free. When you retire, you want a home that’s paid for—you don’t want to be paying rent when you retire. The average mortgage lifespan is 30 years. Think about that. How old will you be in 30 years?

If you’re still renting, you need to buy and start working on building equity for your future.


I’d love to talk more with you about whether it makes sense for you to sell now, keep your house, or buy for the first time. If you have any questions or are thinking about making a move, just give me a call or send me an email and I’d be happy to help you.