One of the biggest headlines of the housing market in 2016 has been too much demand and not nearly enough supply to keep pace. Forbes staffer Samantha Sharf offers a forecast for the housing market during the second half of this year, focusing on such topics as the low inventory as well as new construction.
One of the biggest story lines for the second half of 2016 will be how Britain's decision to leave the European Union (Brexit) affects mortgage rates here in the U.S.:
This is because Brexit pushed the Treasury rates that serve as a benchmark for mortgage rates to new lows. The 30-year fixed-rate hit a record low of 3.31% in 2012 and is currently about 3.6%. Low rates could spur demand for homes, as well as a spat of current loan refinancing.