Real Estate Predictions for 2016

Most real estate see the coming year as a time of moderate real estate growth with moderate interest rate increases and significant new home construction which should result in a more fist-time buyers.

To be a bit more specific, realtor.com sees home sales increasing to the highest level in ten years with a 12 percent year-over-year increase in housing starts and a 16 percent year-over-year increase in the sales of new homes.

Others don’t share the rosy opinion on the number of new homes but believe that the improving economy will provide workers with greater earnings, making many homes more affordable.

Finally, many experts expect a slowing in the ongoing price increases for homes in the 3.5 percent to 4.5 percent range.

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