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12 PREDICTIONSFOR THE 2016HOUSING MARKET
1Prices and saleswill continue togrow, but at aslower pacethan in recentyears.
2 More first-time buyers will enterthe market. Especially millennials.
3Prices in tech centers will risefaster than in other areas.
4There will beeasier accessto loans.
5An increase inmortgage rates isinevitable, but willbe gradual.
6California will reach fullemployment (5% or less)by mid-2016.
730 year fixed-ratemortgages willaverage below4.5% for 2016 onan annualizedbasis.
8 There will be a continuedinventory shortage,especially for entry level homes.
9The recent mortgagerate increase will inspirebuyers to get out evenearlier in the year.
10
New homeconstructionwon't keep pacewith demand inthe Bay Area.
11 A wave of buyersthat lost theirhomes during thecrash will returnto the market.
12
The market willbe slower and itwill take longerto close escrow.
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