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)
2 days ago via Facebook
#BrokersOpen #Caravan for 1677 N DOHENY DR, BIRD STREETS, CA 90069. For Sale $36,985,000. Tour this 12,000 sq ft luxury custom residence today from 11am to 2pm and a twilight open from 4pm to 6pm. Listed by client Williams & Williams Estates. Perched on a promontory above Hollywood's famed Bird Streets, with views stretching to the Channel Islands, in the prestigious Sunset Strip enclave known as the Doheny Estates, sits this exquisitely designed architectural, custom home. thewilliamsestates.com/listing-details/1677-n-doheny-dr-bird-streets-ca-90069-17279790/235
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