2016 Economic Forecast
2016 Economic Forecast Last week we attended multiple economic forecast presentations. My personal takeaway: more of the same once again for the local housing market. Sound a little familiar to the past few years? The fundamentals for our local housing market remain strong as we enter 2016. We have strong employment and population growth, we have low inventory with affordable house prices relative to the rest of the country (see chart below) and we have pent up demand in multiple buyer sectors. This year we are primed to see: First time home buyers enter the market as rents continue to escalate Boomerang buyers reenter the market with new sense of market confidence (buyers sidelined from the market due to a…
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