Many have questioned the stability of certain sectors of the U.S. Economy, one section in particular is the housing market. Today we would like to share how the experts feel about how we ended 2015 and where they think we are headed in 2016.
“Overall, a resilient U.S. economy and very solid job growth in recent years made 2015 a great rebound year for the housing market.
Existing-home sales were at the highest pace (5.26 million) since 2006 (6.48 million) and the Pending Home Sales Index came in at an average of 108.8, the highest annual reading since…you guessed it: 2006 (111.7).”
“With the December report on housing starts and permits, preliminary totals for 2015 are now available. Total housing starts at 1.11 million were up 10.8% in 2015 compared to 2014. Single-family starts were up 10.4% to 715,300. All four census regions also experienced increases in single-family starts for 2015.”
“All indicators point to this spring being the busiest since 2006…
Demand for for-sale housing will grow and will continue to be dominated by older millennials, aged 25 to 34. This demographic has the potential to claim a third of home sales in 2016 and represent 2 million home purchases.”
Author:David Fuller Phone: 602-363-7653 Dated: February 11th 2016 Views: 1,450 About David: ...
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Many have questioned the stability of certain sectors of the U.S. Econ
"David Fuller has years of experience as a realtor in the market to help you through the process, as a buyer or seller. He has fierce negotiating skills to ensure his clients receive a competitive price and to help negotiate any extra items needed in the contract, such as repairs. David is a longtime Arizona resident and is able to provide his clients excellent information on the location(s) they are interested in purchasing a home. He has great connections to the other services necessary to making an informed property purchase, such as home inspector, loan officers, evaluators, etc. He also has connections to other realtors outside of Arizona. David and his associates will take the time to understand exactly what a buyer is looking for and what a seller would like. David has a quick response time to any inquiries from potential sellers or buyers, and strives to make appointments ASAP. My wife and I were extremely happy working with David in the purchase of our home and we highly recommend him for any type of realty service."