The housing market has settled into a steady groove with home prices expected to follow more normal rates consistent with a balanced market.  Home prices rose 4% nationally in 2015.  Kiplinger forecasts prices to rise 3% in 2016 while CoreLogic Home Price Index predicts a 4-5% increase.

What type of buyer will drive the market this year? According to the National Association of REALTORS®, there are 3 main sectors of buyers expected to stimulate the housing sector.

• Millennials, born about 30 yrs. ago, are starting to realize their financial goals and thus become first-time home buyers.
• Older baby boomers nearing retirement age will be seeking to downsize and lower their cost of living.
• Formerly distressed homeowners are expected to actively participate in the housing market as well.

Every market is local and there are certain parts of the country with “hotter” markets than others. Whether buying or selling, contact me if you’d like to know how the local market impacts you.  Donna@DonnaForest.com, 603-526-4116, www.DonnaForest.com.

Real estate markets are local, and we have the real scoop on ours. Coldwell Banker Milestone Real Estate