Heading into 2016, we are likely to see a busy early spring beginning after the first of the year. Hopefully that activity will continue through most of the summer, similar to the way it did this year.
Heading into 2016, we are likely to see a busy early spring beginning after the first of the year. Hopefully that activity will continue through most of the summer, similar to the way it did this year.
As a result, closed sales have continued to rise substantially over last year. There is a lot of pent-up demand on both the buying and the selling side — especially among those people wanting to move up from smaller to larger homes.
That being said, I don’t see prices going up in 2016. Hopefully, the market has stabilized and in 2016 we will see values holding. I think we will continue to see small pockets of high-demand properties that will generate multiple offers, so buyers need to be aware that they aren’t the only ones who may recognize a good deal when it becomes available.
Serious sellers who price their houses aggressively will do very well in 2016; but the market remains price sensitive and overpriced properties will continue to sit.
[See what others are saying on HBJ's Economic Forecast 2016 page]
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Higher-end homebuyers seeking outdoor, other amenities
