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Opinion

5 Housing Market Predictions for 2016

Expect easier credit and for first-time buyers to make up a bigger part of the market.

December 15, 2015

Next year should be a pretty tame year for the housing market.

Housing Wire presented a Redfin forecast, highlighting five predictions for 2016. Prices and sales will grow half as fast as they did this year; credit will be easier to obtain; Millennials who previously held out will now buy homes; closings will be slower; and inventory will run short.

“Most economists agree that housing prices and sales will continue to grow in 2016, just at a slower pace,” the Redfin forecast said. “Call it a slowdown, but not bad news.”

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