Real Estate Market Trends

If you're unsure about the future of the American real estate market, then you're not alone. Many people, including those in the industry, are struggling to predict the outlook in the coming years as the market continues to evolve. In a recent article, National Mortgage News makes the case for a strong and stable future housing market due to four specific factors: interest rates, job growth, Millennials, and boomerang buyers. Keep reading to learn why these signs point to prosperity!

On Tuesday, the National Association of Realtors released their report on the state of the housing market for January 2016. The results? Despite expectations of a decline, total existing-home sales actually increased slightly in the first month of the year, reaching a seasonally-adjusted annual rate of 5.47 million! At the same time, home prices continued their upward climb while mortgage rates remained in free fall.

Although the stock market has been less than stellar as of late, real estate appears to be a rock-solid investment. A new report released by the National Association of REALTORS this week shows that home prices continued their seemingly-unstoppable upswing in the fourth quarter of 2015. Meanwhile, mortgage rates have fallen for six consecutive weeks and are approaching their lowest point from last year. Keep reading to learn about the most and least expensive housing markets, why prices just keep rising, and whether mortgage rates will fall any further.