Housing market likely to stay strong for the rest of 2016

By Jonathan Smoke | realtor.com

Well, the initial reports are now complete for September, and we can see that the strong first half of the year for housing did not lose momentum as the kids went back to school and temperatures cooled.

The market is strong and seems poised to remain so for the rest of the year. However, the improving economy presents both opportunities and challenges for the months ahead.

Total home sales for this year through September are up 4% over the same period in 2015. Existing-home sales are up 3%, while new-home sales are up 13%.

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November 5, 2016

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