Four Good Reasons to Buy in 2016
Posted By: Wally Reule
In: Sedona Real Estate Market News
Date: Tue, Dec 15th 2015 7:52 pm
Here are four very good reasons to buy a home in 2016:
- The rate of price increases is expected to slow to about 3.5% next year
- Inventory of homes on the market is expected to increase. One of the major factors that has limited home sales in Sedona is a shortage of good inventory. When a home that is priced well, is in good shape and has great views comes on the market, it doesn't last very long.
- Mortgage rates are likely to increase as the year goes along, creating a new sense of urgency.
- Rents will continue to rise, making home ownership more attractive.