Thepositive recentnews for existing-home sales is predicted to last through the whole year, closing out 2016 as the best year in a decade, according to an economic forecast forum at the 2016 Realtors Legislative Meetings & Trade Expo.
Lawrence Yun, chief economist of theNational Association of Realtors, forecasts existing sales to finish 2016 at a pace of around 5.40 million – the best year since 2006 (6.48 million).
“The housing market continues to expand at a moderate pace in spite of the fact thathome pricesare rising too fast in some areas because ofinsufficientsupply fueled by the grossly inadequate number of new single-family homes being constructed,” said Yun.
“The good news is that pending sales in recent months have remained stable and should support a modest gain in home sales heading into the summer.”
We are a full service real estate brokerage with over 100 agents to serve you. Let us be your real estate resource. Regardless whether you need to buy or sell now, or sometime in the future, let us help you. We are no pressure and will always try and help. Contact us at 561-792-3948 now.
"Margarita Zhemukhova very quickly found us the property we were looking for at a price we could afford. In working with her we found her to be always available to meet, very prompt in returning e-mails and phone calls (within minutes), pro-active in altering us to the next steps in closing and a pleasure to work with. I would definitely use her again and recommend her to anyone needing real estate services.