Existing Home Sales on Track to Expand

Realtor.org | Following the housing market’s best year since the recession, existing-home sales are expected to increase in 2016 at a moderate pace; according to an economic forecast forum here at the 2015 REALTORS® Conference & Expo.

The pent-up demand for buying in recent years finally broke out in a meaningful way in 2015, fueled by sustained job growth in many parts of the country and rising home values, giving homeowners the incentive to sell – a trend that Lawrence Yun, chief economist of the National Association of Realtors®, expects to continue into next year.

“Sales activity in 2016 will once again be primarily driven by the ongoing release of more pent-up sellers finally realizing their equity gains and using it towards the down payment on their next home,” said Yun.

Presented by
Larry Cirnigliaro
Real Estate Broker CRIA President CEO
Coastland Realty, Inc., California
714-394-6649 | EMAIL | WEBSITE | CA# 01186227
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