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
Just reduced by client Ross Armstrong of Berkshire Hathaway HomeServices www.rossstjohnarmstrong.com/properties/2649-Elden-Avenue-Costa-Mesa-CA-92627-NP18135284/6975 #EastsideCostaMesa #BHHSCA
4 weeks ago via Facebook
Just Listed a New Construction Home in Irvine Terrace, Corona del Mar. Mid-Century Modern Designed by Brandon Architects, Inc. and built by Gallo Builders, Inc.rs. Open Now and this weekend. Property website completed for Blueview Properties ow.ly/4and50ihgqL #CDM #LuxuryRE
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