We’ve been discussing for months now how we think 2016 is going to be a banner year for Real Estate in Carmel, IN. Economics experts have weighed in and it appears that year-over-year trends indicate that housing will have its best spring season since 2006.
Now, Freddie Mac has affirmed that claim, saying that 2016 will be the best year that the real estate industry has seen in a decade. In their March Housing Outlook Report, Freddie Mac explained:
“Despite the challenges facing the housing market, we expect this to be the best year for housing in a decade. Home sales, housing starts, and house prices will reach their highest level since 2006 according to our latest forecast…Challenges remain, with low housing supply and declining affordability being a key concern in many markets, but on balance, the housing markets in the U.S. are poised for the best year since 2006.”
The key indicators that have given Freddie Mac such a positive outlook are:
- Low interest rates
- A resilient labor market
- An increase in household formations
- Housing supply is up
- Housing prices are moving upward
2016 looks to be shaping up as a great year for real estate. Whether you are thinking of buying or selling real estate in Carmel, IN, now may be the time to sit down with a Carmel, IN real estate agent to discuss the new opportunities that are arising. If you are looking to enter the Carmel, IN real estate market in 2016, please be sure to contact a Carmel, IN real estate agent. We are happy to help you!
Rodney & Amanda Heard
Heard Real Estate Team