10 cities where real estate prices will soar in 2016
In 2015, the real estate markets of some US cities showed high activity. What should customers expect in 2016 year, I found out CNN.
Providence, Rhode Island
The recent rise in property prices in the capital of Rhode Island is caused by the neighborhood with Boston.
«Провиденс тесно связан с Бостоном, который демонстрирует невероятные темпы экономического роста, что и осуществило положительный побочный эффект на столицы Род-Айленда», — считает , главный экономист Realtor.com Джонатан Смоук.
It is expected that prices and sales in Providence will increase in 2016 by 10% compared to 2015.
St. Louis, MO
10% house price growth is also expected in St. Louis.
The supply on the real estate market of this city is falling, and the demand is growing. Such a combination is projected to result in sales in 2016 increase by 9% due to high employment and wage growth in the city.
San Diego, California
The San Diego housing market in 2015 was very active, and there is no reason to talk about the downturn in 2016.
In a city known for its beautiful beaches, many new houses were built during 2015. Real estate prices in San Diego are expected to increase by 2016% in 10 year.
Sacramento, CA
The capital of California continues to show good economic performance: increasing incomes and reducing unemployment.
Therefore, Realtor.com analysts expect housing prices in Sacramento to rise by 2016% in 10, and sales by 7%.
Atlanta, Georgia
2015 was a very good year for the Atlanta housing market.
«Это рынок, который быстро перешел от рынка покупателя к рынку продавца,» – отметил Джонатан Смоук.
He predicts that 2016 will be even more successful. On average, real estate prices in Atlanta will increase by 9,6%.
New Orleans, LA
Due to the growth in the New Orleans real estate market, 2016 also expected an increase in 10% sales.
Memphis, Tennessee
Sales growth, which was celebrated in Memphis at the end of 2015, is projected to continue after the New Year holidays.
Charlotte, North Carolina
Charlotte's labor market is improving, and this is good news for the housing market in this city, analysts say Realtor.com.
Virginia, VA
The threat of reducing defense spending, according to Smoke, will lead Virginia to try to increase the real estate market so as not to lose money.
Boston, Massachusetts
Real estate in Boston is selling very quickly, and a decline in sales in 2016 is not expected.
Realtor.com forecasts that housing prices in the Boston market will increase by 6% next year.
Previously, Forum wrote about what real estate can be bought in America for a million.
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