Realtor.com released their annual forecast for next year's housing market. Economists predict home sales in 2016 reaching the highest level since 2006.
This encouraging report is based on current home sales, anticipated GDP growth and continued job growth. The anticipated growth will be moderate and steady.
New home starts are expected to increase by 12% over last year and new home sales to increase 16% over last year.
Realtor.com's analysis anticipates three major groups of home buyers in 2016 - Older millenials (25-34 years old), young gen x'ers (35-44 years old) and retirees (65-74 years old).
If you've been on the fence about buying a new home - now is the time to buy! Contact us to find out how you can be a part of this exciting time in housing!
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