Tuesday, December 29, 2015

Top 10 Real Estate Markets to Watch in 2016

  1. Providence, RI
  2. St. Louis, MO
  3. San Diego, CA
  4. Sacramento, CA
  5. Atlanta, GA
  6. New Orleans, LA
  7. Memphis, TN
  8. Charlotte, NC
  9. Virginia Beach, VA
  10. Boston, MA

SACRAMENTO (CBS13) – There’s a forecasted boom in the Sacramento housing market. The Sacramento region is being named as one the top 10 hottest real estate markets for 2016.
What can home buyers and sellers expect next year? Realtors say they had a very busy 2015 and now say it’s a great time to buy. And despite this being a holiday week, they say houses get sold every day of the year.”
Sacramento may be experiencing a renaissance with the construction of the new Kings arena. Its suburbs are filling up.
Places like Roseville offer attractive newer homes a short drive from Sacramento and Lake Tahoe.
Realtors say the market had a boost from low interest rates. Homesales are up more than 10 percent from last year. It’s a dramatically different market from four years ago. Foreclosures have almost disappeared in some neighborhoods and realtors are dealing more with traditional sales.
“As interest rates start to inch up, buyers start thinking, ‘Oh man, I better get it now,’ because they don’t want to wait.

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