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.
Housing prices continued to strengthen in December rounding out a year of recovery in 2013. CNN reported on the S&P/Case-Shiller home price index, which showed a 13.6% increase in housing
By Kevin Oldham
As technology continues its rapid evolution it’s important to seek out opportunities that make your property stand out from the competition. Working with a local United Country office