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Zillow’s 6 Real Estate Predictions for 2016
Each year, Zillow predicts housing market trends for the year to come. Here are Zillow’s predictions for 2016.
1 First-time buyers entering the market will be older than ever. In the ‘80s, the median age was 30 years old. Now, the median age is 33.
2 Home values are rising faster than incomes, which will make it diﬃcult for low-income Americans to become homeowners.
3 Home value growth will be around 3.5% in 2016, according to the latest Zillow Home Price Expectations Survey.
4 Rents are predicted to reach new highs in 2016. The current median rent in the U.S. is $1,382.
5 People will move outside of the city and look to the suburbs for more aﬀordable living.
6 Hot spots will be dense, walkable suburbs with urban amenities.
Looking for more info? Check out zillow.com/research or Tweet us @Zillow