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    Real Estate: 2016 Will Be the Best Year in a Decade

    Real Estate: 2016 Will Be the Best Year in a Decade | Simplifying The Market

    Real Estate: 2016 Will Be the Best Year in a Decade

    A few weeks ago, Jonathan Smoke, the Chief Economist at realtor.com, exclaimed: “All indicators point to this spring being the busiest since 2006.”

    Now, Freddie Mac has doubled down on that claim and is saying that 2016 will be the best year that the real estate industry has seen in a decade. In their March Housing Outlook Report, Freddie Macexplained:

    “Despite the challenges facing the housing market, we expect this to be the best year for housing in a decade. Home sales, housing starts, and house prices will reach their highest level since 2006 according to our latest forecast…Challenges remain, with low housing supply and declining affordability being a key concern in many markets, but on balance, the housing markets in the U.S. are poised for the best year since 2006.”

    The key indicators that have given Freddie Mac such a positive outlook are:

    • Low interest rates

    • A resilient labor market

    • An increase in household formations

    • A projected increase in newly constructed homes

    Bottom Line

    2016 looks to be shaping up as a great year for residential real estate. Whether you are thinking of buying or selling, we should meet up to discuss the new opportunities that are arising in your market.

    Call today for a free current market analysis of your home… and before you put your faith in Zillow, please note that in the Seattle and surrounding areas the avg discrepancy is 20% or more over 80% of the time. (you can check data accuracy on their site)

    Don’t leave money on the table call us today

    —> Heather Karl Shook, 253-237-4068

    ShookSells.com

    —>SEARCH HOMES NOW!

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