Coastal markets may cool, and interest rates may increase slightly in the coming year.
That's according to the prognostications here in this 2016 outlook on residential real estate trends from U.S. News & World Report staffer Susan Johnston Taylor. Taylor's iffy on the impact of eventually and inevitably rising interest rates, but one prediction is almost sure to be of interest:
Millennials who already own condos or starter homes may be looking to trade up for more space in 2016, especially as they're combining households and starting families.
Should happen. But will it?