Peebles Homes - Real Estate to Heat Up?

Real Estate to Heat Up?

Do signs point to another housing boom? Perhaps, says Dennis Fisher of Rapid Mortgage. “Home sales are poised to zoom to the highest levels since 2006 next year, according to a 2016 housing forecast issued by®. Gains in new-home construction and existing home sales are both expected to push total home sales to the highest levels in years. The new-home construction market is expected to see the most gains in 2016, with® forecasting a 12 percent year-over-year increase in housing starts and a 16 percent year-over-year growth in new home sales. The gains in existing-home sales are expected to be more moderate, with expectations of a 3 percent year-over-year gain.”

“Next year’s moderate gains in existing prices and sales, versus the accelerated growth we’ve seen in previous years, indicate that we are entering a normal, but healthy housing market,” says Jonathan Smoke,®’s chief economist. “The improvements we’ve seen over the last few years have enabled a recovery in the existing-home market, but we still need to make up ground in new construction, which we could begin to see in 2016. New home sales and starts will bring overall sales to levels we have not seen since 2006 and will help set the stage for a healthy new home market.” Next year, total sales for existing and new homes are expected to reach 6 million for the first time since 2006.

If you are one of the nearly 6 million home buying in search of a new home, Peebles Homes of Ohio offers new homes in Montgomery County. You’ll find our new homes the finest new home communities with the best schools in southern Ohio.

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