Higher Interest Rates, ‘Normal’ Activity Among Coming Real Estate Trends
Home values increased around 10 percent in the Inland Empire in 2015, but where are they going in 2016? According to online real estate portal Realtor.com, which released its real estate trends report for 2016, they are still going up. Albeit at a more measured pace.
Economists at Realtor.com recently released their predictions for the 2016 real estate market, and the news appears to be good, for the most part.
Among the predictions:
- Higher interest Rates
- More modest price growth
- More activity among Millennials, GenXers and Boomers
- Higher rents
- Builders will focus on affordable homes
“We’ve lived through 15 years of truly abnormal trends, and after working off the devastating effects of the housing bust, we’re finally seeing signs of more normal conditions,” Jonathan Smoke, Realtor.com’s chief economist, said in a release.
(Brian Bean and Timothy Hardin are Homeowner Advocates & Home Listing Specialists with The Dream Big Team at Realty ONE Group Champions in Riverside, California. They can be reached directly at Info@DreamBigRealEstate.com or 951-778-9700.)
Brian Bean and Timothy Hardin
Homeowner Advocates & Home Listing Specialists
Realty ONE Group Champions
DRE Lic #01943304
What’s happening in the Real Estate Market today? CLICK HERE for more information.
If one advances confidently in the direction of his dreams, and endeavors to live the life which he has imagined, he will meet with a success unexpected in common hours.
Henry David Thoreau
5 Real Estate Trends to Expect | Orangecrest Real Estate | Homes for Sale in Riverside | Riverside CA Real Estate Agents | Brian Bean and Tim Hardin Dream Big