After Strong 2015, What Lies Ahead For Housing Market?

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Despite a continued tight supply and tight credit, more growth is expected.

January 28, 2016

Photo Credit: Images Money, Flickr Creative Commons

It isn’t a secret any longer. 2015 was a good year for the housing market as it continued on its path toward recovery. But what does the future hold? Is more growth on the way or should we expect a bit of a regression? It’s time to break out the crystal ball.

Realtor.com is predicting more growth in 2016, although it will be of a more moderate nature for existing-home sales and a bit stronger for new-home sales. Tight supply and tight credit will continue to be the biggest hurdles but the supply is expected to improve as construction grows.

More millennials and other first-time buyers are also expected to find themselves in the market thanks to an improved job market.

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