Now, Freddie Mac has affirmed that claim, 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 Mac explained:
“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
- Housing supply is up
- Housing prices
are moving upward
Bottom Line
2016 looks to be shaping up as a great year for real estate. Whether you are thinking of buying or selling Boston real estate, now may be the time to sit down with a Boston real estate agent to discuss the new opportunities that are arising. If you are looking to enter the Boston real estate market in 2016, please be sure to contact a Boston real estate agent. I am happy to help you!
Lucas
Garofalo
Keller
Williams Realty
(617)
861-3631
Lucas@LucasBostonHomes.com
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