Zillow's 6 Real Estate Predictions for 2016
- 2. Here are Zillow’s predictions for 2016.
Each year, Zillow predicts
housing market trends for the
year to come.
- 3. 1
In the ‘80s, the median age was 30 years old.
Now, the median age is 33.
First-time buyers entering
the market will be older
than ever.
- 4. 2
which will make it difficult for low-income Americans to become
homeowners.
Home values are rising faster
than incomes,
- 5. 3
according to the latest Zillow Home Price Expectations Survey.
Home value growth will
be around 3.5% in 2016,
- 7. 5
and look to the suburbs for more affordable living.
People will move outside
of the city