Real Estate 2016 Will Be The Best Year In A Decade

Real Estate 2016 Will Be The Best Year In A Decade

Image title


A few weeks ago, Jonathan Smoke, the Chief Economist at realtor.com, exclaimed: “All indicators point to this spring being the busiest since 2006.”

Now, Freddie Mac has doubled down on that claim and is saying that 2016 will be the best year that the real estate industry has seen in a decade. In their March Housing Outlook Report, Freddie Mac explained:

“Despite the challenges facing the housing market, we expect this to be the best year for housing in a decade. Home sales, housing starts, and house prices will reach their highest level since 2006 according to our latest forecast…Challenges remain, with low housing supply and declining affordability being a key concern in many markets, but on balance, the housing markets in the U.S. are poised for the best year since 2006.”

The key indicators that have given Freddie Mac such a positive outlook are:

  • Low interest rates

  • A resilient labor market

  • An increase in household formations

  • A projected increase in newly constructed homes

Bottom Line

2016 looks to be shaping up as a great year for residential real estate. Whether you are thinking of buying or selling, now may be the time to sit down with a real estate professional to discuss the new opportunities that are arising.



Tim Walsh Headshot
Author:
Phone: 703-447-2236
Dated: April 7th 2016
Views: 154
About Tim: I work full time in Real Estate. We created Your New Home Team to focus our energies in creating smo...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Feb 16 2018 14856 1 - https://goo.gl
What 8 Seniors Tax Bills Will Be With Tax Reform - Click on Image for more details
Sep 13 2017 14856 1 - https://goo.gl/yRUo8aLooking for
20 Tips For Preparing Your House For Sale - Link for Details:  https:/.

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

REMAX PREMIER - Your Best Source for Home Listings in Northern VA
Head Quarters: 13135 Lee Jackson Memorial Hwy # 115
Fairfax, VA
703-650-9849
877-731-9907

Other Locations