The year 2018 is expected to be a positive one for home buyers in California and other parts of the United States. Residential real estate experts said they expect more moderate increases in the prices of homes this year combined with increasing inventory levels. At the same time, unemployment is low, and consumer confidence is high, which translates to potentially more buyers who feel financially secure.
San Francisco property owners are taking advantage of a 2016 expansion to the ADU (Accessory Dwelling Unit) law, enabling owners of buildings with at least five existing units to expand to an unlimited number of units.
The current landmark tax legislation has already passed through the Senate and Congress. Now, it is on its way to be signed by the president. A recent survey indicated that many Americans across the United States, including several in California, are nervous about how the law will impact the ownership of residential real estate. Even so, they plan to continue buying in the new year.