Ask the Agent: What Will Be the Main Housing Trends in 2016?

by Grant SimmonsFebruary 1, 2016


Ask the Experts

What do you think the general trends will be in the housing market of 2016?

It can be hard to figure out what’s going on with the real estate market. That’s a big part of the reason why real estate professionals are so crucial in a successful real estate transaction. How do you know if now is the time to buy or sell? Well, we decided to ask. Hundreds of experts from around the country responded with advice, tips, and market trends to help you know what to expect from 2016.

Dutch Revenboer
Flat Iron Realty Group
Edmond, OK
Twitter – @dreamhomesokc

“I believe that the market will continue to improve in new and existing housing market, albeit slowly. The demand for quality housing continues to increase, offset by the uncertainty of a Presidential election year and depressed prices in the oil industry.”
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Mark Cohen
Eyemark Realty, Inc.
Gainesville, FL
Twitter – @eyemarkrealty

“Higher prices, about the same amount of inventory, and reasonably low interest rates. However TRID might make it harder for some buyers to qualify for a loan.”
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Rick Hogue
The Hogue Group with Keller Williams
Louisville, KY
Twitter – @homefinderinky

“2016 will be the year of new construction. Fewer homes on the market will cause more home starts. Higher incomes and better loan options will spur the over 275k new construction market with 350k being the average in new construction pricing for closed deals.”
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Karen Disbrow
HER Realtors
Dublin. OH
Twitter – @karen.disbrow

“I think supply may get closer to demand in 2016 and with interest rates rising, it may slow buyer activity somewhat, but I think it will still be a strong market with prices and inventory beginning to stabilize.”
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Naomi Selick
Teles Properties Beverly Hills
Los Angeles, CA
Twitter – @NaomiSelick

“I agree with most economists that interest rates, housing prices, and rents will continue to rise in 2016.”
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Rodney Heard
The Heard Real Estate Team
Zionsville, IN
Twitter – @rodneyheard

“It is an election year. People always tend to move forward with more caution during an election year. I believe that sales will continue strong with a slight slow down towards the end of the year.”
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Brian Hanson
Coldwell Banker ­- Siewert
Realtors – Wisconsin Rapids, WI
Twitter – @BrianHansonCBSR

“2015 saw a large increase from 2014 and I expect another solid sales year, with good buyer activity and a slowly shrinking supply of homes on the market.”
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Deborah Siefkin
BBS Realty
Denton, TX
Twitter – Deb@rightsize2upsize

“As more Baby Boomers are able to sell the family home, they will continue to seek new, usually active lifestyle communities as their children leave the nest. Both urban and suburban lifestyle-based communities will become increasingly more popular with these empty nesters as they look beyond their child rearing years and into the future.”
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Gina Meier
Sotheby’s International Realty
Lancaster, PA
Twitter – @GinaMeier717

“Steady and consistent. Well-priced homes will sell quickly and there are great values out there when buying homes.”
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Shannon Doyle
Eugene Realty Group
Eugene, OR
Twitter – @EugeneRealty

“Election years historically bring a quiet in the market around the election time, but otherwise, we anticipate lots of buyers and sellers in the market being able to make the moves they want.”
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Jack Ballard
Garrett Redfearn and Associates
Texarkana, TX
Twitter – @Jackb2254

“The trends in 2016 will be more condo style smaller homes as the millennials enter the housing market in greater numbers.”
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Judy Holland
Century 21 United
Shreveport, LA
Twitter – @Judyholland

“Open floor plans, spacious laundry rooms and outdoor entertaining space.”
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Kathey Darnell
Keller Williams
Spring Hill, TN
Twitter – @kathey_darnell

“Homes with a few acres or homes that offer privacy and out of the mainstream.”
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Joe Luca
RE/MAX Preferred
North Providence, RI
Twitter – @Luca9797

“The First Time Buyers in their twenties and early thirties will continue to be the largest group of buyers. As in 2015, they are expected to make up one third of all sales. The financially recovering GenXers could actually play a double roll since many are already homeowners. Additionally, much of the new construction focuses on affordability so that will also entice First Time Home Buyers to make the transition from renting to owning.”
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Debra Stack
Jones and Co Realty
Fort Myers, FL
Twitter – @mdjjjs

“Projections are telling us that in our local housing market of 2016, that we will continue to see property values increase by an approximate 5-8%. ”
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Cody Velkovich

NRL Mortgage
Cedar Park, TX
Twitter – @NRLMortgage

“Price gains slow, but affordability worsens. Also, the rental market will keep burning bright. As the rebound effect fades and fundamentals take over, the recovery gets slower and the market starts to look more similar from one year to the next.”
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Rick Gehrke
Re/Max Executives
Meridian, ID
Twitter – @rickygehrkep

“An increase in new construction of more energy efficient homes and homes to fit multi­-generational family units. Boomers will be downsizing.”
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Tammy Sako
Century21 Elm
Park Ridge, IL
Twitter – @tammysako

“Young families are focused on school scores, they are looking for communities with schools with high test scores.”
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Mark Rusnak
RE/MAX Allegiance
Virginia Beach, VA
Twitter – @markremax

“I see a favorable 3-4% recover in sales prices through the year, and interest rates staying on the 4% range. Election years are always scary, not knowing what interest rates and tax changes may be in store, so make the move now!”
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About The Author
Grant Simmons
Grant is the Vice President of Search Marketing for Grant plays a key role in navigating the complexities of the search engine optimization landscape. He has been described as an online marketing strategist, motivator, and idea machine; however, he prefers father, sailor & expat Brit.