saleprice: Let me look in my Crystal Ball: Housing predictions for 2016
- 01/13/16 12:30 AM
By: J. Elaine VonCannon Associate Broker, ABR, SRES, Property Manager Most economists expect home prices to rise around 5% this year, before rising at around 3% over the next few years. Home price increases in recent years have been driven primarily by lack of listings, and some economists have said that prices could continue to outpace income or rent growth if more homes aren’t made available for sale. Home Owners are finding that they may be still under water. They owe more than the market will support their sale price, which results still in short sales, foreclosure and homes being rentals. Some economists … (0 comments)
My blogs reflect my observations on life, real estate and my own state of the union (Elaine's world). I write my entries as a way to express myself and all the positive and negative aspects of real estate. I also use it to promote my listings and maybe even your enjoyment in reading it.
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