THREE TRENDS SELLERS SHOULD KNOW IN 2016

Dated: 12/29/2015

Views: 230

Image title



There are three dominant trends in real estate that sellers should be aware of going into the new year.
CNNMoney recently asked industry insiders to share what will be important when it comes to selling a home in 2016.A seller's market dominates.
Home prices have been climbing so much that they're even matching their 2006 highs.
• Seller's markets are more dominant in certain cities such as San Francisco, where bidding wars are widely reported and offers go well above asking price. "The more lucrative a region's economic future appears to be, the easier you can expect it to be to sell a home," according to the article.
• Mortgages will get pricier.
Low mortgage rates have been the standard in the last few years, but that will soon change. The Federal Reserve is gradually beginning to raise rates, which will move mortgage rates higher and dampen affordability. Sellers should be aware that it may become more difficult for prospective buyers to secure financing.
• Tax benefits still abound.
The largest tax break for ordinary taxpayers who qualify remains the exclusion on capital gains for the sale of personal residences. Single taxpayers are able to exclude a maximum of $250,000 in gains from the sale of a home. Joint filers get double that: $500,000.


DAILY REAL ESTATE NEWS | TUESDAY, DECEMBER 29, 2015

Blog author image

Bart Austin

"There is no substitute for experience!" Growing up on Long Island, N.Y., Bart learned many things from his mom, who was a real estate attorney. He worked as a buyer in retail sportswear in New York u....

Latest Blog Posts

YOUR LOAN, YOUR OFFER. SU PRESTAMO, SU OFERTA

DEAR CLIENT:My recommended lenders can help you get pre-approved for a loan. They have great products and their service is exceptional, they can help if you only have ITIN number, low income, not

Read More

HAGAME SABER QUE DESEA Y NECESITA

In bygone years, Las Vegas was mostly about the gambling. Not  Now!YA HACE MUCHOS AÑOS QUE  TODO EN LAS VEGAS ERA ACERCA DE LAS APUESTAS. NO AHORA!EL EQUIPO DE LOS RAIDERS TENDRA SU

Read More

I'M YOUR AGENT. SOY SU AGENTE

PARA TENER EXITO, LO PRIMERO QUE NECESITAS ES AMAR TU TRABAJO.;

Read More

Thinking about Purchasing New Construction make sure you Read this Blog First.

New home buyers don't want a used house when only new home construction will do. They don't want to inherit somebody else's worn carpeting, personal taste in kitchen appliances or look at some kid's

Read More