2016: The 2016 Forecast Breakdown
- 12/24/15 03:58 AM
Predictions for the New Year’s real estate market include forecasts of a healthy market with steady growth similar to 2015. While some market areas have still not recovered their home value prior to the recession, the 2016 market is expected to raise home values in most areas and hail the return of a more normal housing market.
One of the areas often found lagging behind the recession and housing bubble recovery continues to be rural areas that have smaller buyer pools. As 2016 is expected to see retirees, millennials, and younger generation x’ers (ages 35-44) comprising the majority of the buyers’ … (7 comments)
The months of inventory (MOI) for the Portland Metro markets, including Washington, Multnomah and Yamhill County, has continued to decline through October and November. The further decrease in MOI occurred for all price categories from $200,000 to $1,999,999. Though, similarly to October, the decrease in MOI is not due to increased home sales. Instead, decreased MOI reflected the reduce number of active listings in all categories. Listings priced between $200,000 to $399,999 saw the greatest decrease of inventory while retaining the largest buyer pool.
As the percentage of pending sales per total listings has … (0 comments)
;)
;)
;)
