White-on-white kitchens and shiplap were two of the dominant trends in the home design scene in recent years, but experts say they’ll be going out the window in 2017.
Newly constructed home sales saw strong gains in November, rising by 5.2 percent month over month to reach a seasonally adjusted annual rate of 592,000 units
Sellers sold their homes for an average 17% gain in the last month, which amounts to $30,500 more than the purchase price, underlining many expert’s thoughts that now is well and truly a seller’s market.
Mortgages lenders have voiced their confidence that the industry is set to boom this year, with a big jump in the number of mortgage purchases expected.
The development of new single-family homes has been a bit depressed in the last few years, with the lack of interest among millenial buyers being one of the main reasons, according to experts.
Real estate pros have a number of concerns as they head into 2016, even as all the signs point to an optimistic outlook for housing over the next year.
It’s that time of the year again when everyone and his dog feels the need to make a few predictions for the year ahead, and not to be outdone, real estate analysis firm CoreLogic has published its own list of what to expect.
The experts over at Trulia are the latest to jump in with their predictions for 2016, and given their expertise at this kind of stuff, they’re probably worth listening to.