Zillow’s 6 Real EstatePredictions for 2016

Here are Zillow’s predictions for 2016.

Each year, Zillow predicts housing market trends for the

year to come.

1

In the ‘80s, the median age was 30 years old.Now, the median age is 33.

First-time buyers enteringthe market will be older

than ever.

2

which will make it difficult for low-income Americans to become homeowners.

Home values are rising faster than incomes,

3

according to the latest Zillow Home Price Expectations Survey.

Home value growth willbe around 3.5% in 2016,

4

The current median rent in the U.S. is $1,382.

Rents are predicted to reach new highs in 2016.

5

and look to the suburbs for more affordable living.

People will move outsideof the city

6Hot spots will be dense, walkable

suburbs with urban amenities.

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