Housing Trends in 2016

“The Fed has raised interest rates, millennials are getting older…so what does next year’s housing market look like?”
Zillow.com’s chief economist, Svenja Gudell, reports some expected trends for 2016’s housing market in this Time article. She has taken the information we learned this year and makes some educated speculations on what will be happening. The Federal reserve raising interest rates and Millennials making their way into the market have been major influences for Gudell’s estimations.

Ultimately, we are optimistic despite a few expected hurdles for the housing market of 2016. Gudell suggests that Seattle, and by extension the Greater Seattle Area, will be a hot market this year.