Monday, USA Today carried an interesting piece related to home sales growth, touching on the likely impacts of a Fed rate increase. The article focused on the auto and home industries in particular, and for their housing analysis, they came to the same conclusion that everyone else has for several months: a rate hike is unlikely to affect the market. But there was another interesting tidbit in there. They’re expecting home sales to increase by only 4% in 2016 (vs. 8% this year). The reason may surprise you — the limited supply of homes available may push prices up by as much as 5%!
Theresa Springer’s Blog
Home Sales Growth Decreasing in 2016, but Not Because of The Fed
December 17, 2015