A lot of people have debtated if the 2016 will have the same "sellers market" as 2015. I have searched for the right answer and found the following factors listed in a recent article in Realtor.com suggesting the market may be returning to normalcy (more available inventory than 2015) in 2016 despite heavy buying from Millennials (up from 2015). Also contributing to the fact is the new builders are more and more leaning towards "affordable" to entice first time home buyers away from available inventory homes. One factor that may severely affect the home buying process is mortgage rates are expected to creep up, but still may be with in the reachable limit compared to the rates I paid when I purchased my first home.On the other hand, renters will continue to face higher rent, helping border line buyers cross the line to "Buy Now".
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