As this year comes to a close, we look back on a real estate market of low inventory and high prices that have put many buyers on the fence about buying a home. However, next year things may fall into place to create a market where buyers can make a big purchase.
Buyers who have been priced out of the market may finally get a chance to jump in come 2016 – the rise in prices is expected to slow down next year. According to Zillow’s Chief Economist Svenja Gudell, prices are expected to rise 3.5%, resulting in a possible flood of buyers. Jonathan Smoke, chief economist at Realtor.com, said, "We have the potential for about six million home sales just through the months of April through September; that is basically impossible to do.”
(Credit and more info: http://money.cnn.com/2015/12/04/real_estate/2016-real-estate/index.html?iid=SF_LN)
3 days ago via Facebook
Custom, cutting edge contemporary home full of the latest smart home tech and security. 3586 Schaefer Street listing by client Bond Street Partners. For Sale $2,695,000. #MDLLA #theagency bondstreetpartners.com/properties/property-details/737/3589-schaefer-street/
4 days ago via Facebook
New listing 1408 Ocean Drive by client The Address Real Estate. With two oversized upper decks including a rooftop deck that offers a lovely ocean view. #beachhouse #theaddressre addressrealestate.com/properties/1408-Ocean-Drive-Oxnard-CA-93035/85
© 2004 - 2017 | SM SOLD, Inc. - A Real Estate Marketing Company | email@example.com