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In the ever changing world of real estate, it is important to stay up to date on current trends. With that being said, it is a challenge for anyone to predict what will happen in the year, or even months, to come. Real Estate experts and economists can analyze data and make some general predictions based off of historical data, however, these predictions are rarely spot on. In the article, 5 Real Estate Trends to Watch in 2016 , Susan Johnston Taylor covers some of the key trends that could impact the real estate market in the year ahead. For example, one may think that rising interest rates will deeply impact home buyers, however, in this article where she covers an interview with Ralph McLaughlin, a housing economist, Ralph states that, “interest rates won’t have much of an effect on the ‘rent versus buy’ math. Buying would still be cheaper than renting in most metros around the country.” After getting expert advice, Taylor came up with 5 key trends to look out for as indicators of change. To get prepared for what may lie ahead in 2016, click here.
