Housing ‘extremely sensitive to the jarring macroeconomy’

bulletproof-logoBy Natakie Dolce | GlobeSt.

So far sales have been bulletproof to price increases, but this is unsustainable in a slowly growing economy unless inventory improves, says Redfin’s chief economist

The housing market is going to get more competitive in 2016, according to locally based Redfin. Home sales grew 6.7% in January from last year, while depleted inventory pushed the median sale price up 7.7% to $255,300. Total inventory fell 5.6%, while the number of new listings inched up 0.5% year over year.

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