The Fiscal Times staffer Beth Braverman provides her insight on the top 10 real estate trends coming in 2016, including a moderate rise in home prices and more buyers looking to buy smart and green homes.
Next year, not only will home prices rise, but there will be a slight increase in interest rates, she writes. There should also be a lack of first time home buyers, because of the housing recovery. However, she adds, it will be smarter to buy a home than rent because of the rising rental rates.
“The investors came in and helped accelerate the housing recovery by being willing to buy when the market was bleeding, but they have pushed up home prices rapidly in some markets, and all of the sudden those markets are unaffordable for the traditional, first-time buyers,” says Daren Blomquist, vice president at RealtyTrac.