We are leaving the year 2015 with one of the best years for housing since 2007. The good news is a bigger and brighter 2016 is in the forecast. Fueled by steady job growth in many parts of the country, the pent-up demand for buying finally broke out in 2015. This trend is expected to continue throughout 2016.
Here is the breakdown for what to expect for the upcoming year:
In short, 2016 will be another year of stronger housing demand and sales. This will be fueled by continued job growth, job creation and increasing consumer confidence. More people are in a position to buy a home which is creating more demand. As long as supply can keep up, the housing market will continue to shine into 2017.
Sources:
http://www.thefiscaltimes.com/2015/12/15/10-Housing-Trends-Coming-Your-Way-2016
http://realtormag.realtor.org/daily-news/2015/12/22/5-real-estate-trends-will-dominate-2016
by Shawn Terrel, Vice President, UCAS
United Country jumped into the world of real estate auctions three years ago, and more of our local offices get involved with auctioneers every day.
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