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Higher prices, tax changes and rising interest rates expected to damp demandThe next few months will be a critical test of the housing market, and rising mortgage rates, the tax bill and a growing weariness among first-buyers being priced out of the market are all expected to dampen demand.By Laura KusistoUpdated March 7, 2018 10:28 a.m. ETThe economy is booming, take-home pay is rising and millennials are getting married and having children. Despite all those homebuying catalysts, this could be one of the weakest spring selling seasons in recent years.The culprits: rising mortgage rates, a tax bill that reduces the incentives for homeownership and a growing weariness among first-buyers being priced out of the market—all of which are expected to damp demand for homes this year.The next few months are a critical test of the housing market, as buyers look to get into contract on a home before summer vacations and the new school year. About 40% of the year’s sales take place from March through June, according to the National Association of Realtors....https://www.wsj.com/articles/could-this-be-the-worst-spring-in-years-for-home-sales-1520424001
