By Robert Freedman | REALTORMag
Steady U.S. economic growth will help lift home sales moderately in 2016, but persistent inventory shortages will continue to put upward pressure on prices, holding back first-time buyers. That’s a thumbnail of the year ahead for home sales, according to NAR Chief Economist Lawrence Yun.
In commercial real estate, prices of Class A buildings in major markets are likely to drop as investors lose their appetite for trophy properties, but bread-and-butter properties in markets across the country will stay stable in sales and prices, and vacancy rates will continue to fall.
