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Southern Cities Eyed To Drive Housing Growth In 2018

ASSOCIATED PRESS/JOHN BAZEMORE

Southern U.S. cities are expected to drive much of the sales growth in the housing market next year.

Home prices are expected to grow by about three percent across the country, according to new figures by Realtor.com. Charlotte and Durham were among North Carolina metropolitan areas expected to outpace the national average.

That's not so much the case for the Triad markets. Winston-Salem was projected to rank 37th among the top 100 markets, while the Greensboro/High Point area came in at 69th.

Realty experts say 2018's prices won't go up at the same pace they did this year. Analysts say that's because more new homes will be coming on the market, making it easier for buyers to find homes and keeping prices in check.

There's a wildcard though: the tax bill working its way through Washington could reduce tax incentives that motivate home buyers.  

Paul Garber is a Winston-Salem native and an award-winning reporter who began his journalism career with an internship at The High Point Enterprise in 1993. He has previously worked at The Augusta (Ga.) Chronicle, The St. Louis Post-Dispatch, The News and Record of Greensboro and the Winston-Salem Journal, where he was the newspaper's first full-time multimedia reporter. He won the statewide Media and the Law award in 2000 and has also been recognized for his business, investigative and multimedia reporting. Paul earned a BA from Wake Forest University and has a Master's of Liberal Arts degree from Johns Hopkins University and a Master's of Journalism and Mass Communication from the University of North Carolina at Chapel Hill. He lives in Lewisville.

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