Economists from the real estate world and the employment realm each said that 2016 forecasts show a strong year for both sectors.
Realtor.com, along with Indeed.com, predicted another year of steady home sales and job growth, particularly in major metros like New York City, Chicago, Denver, and Austin.
The simultaneous rises are not because of coincidence. Hot job markets attract job seekers, and those people need to find housing. While the outlook is good for the real estate industry, renters and potential homebuyers might be faced with rising rents and house prices.