• Existing home sales and prices will slow to about 3 percent year-over-year growth in 2016, and homeownership rates will decrease slightly, according to realtor.com.
  • Sales in 2016 will be driven by three homebuyer segments: older millennials, young Gen Xers and retirees.

Forecasts for the 2016 housing market are starting to trickle in, and realtor.com is one of the first analysts to predict that next year’s market will be a picture of “moderate, but solid growth.” According to Move Inc.’s online real estate services provider, existing home sales and prices will slow to about 3 percent year-over-year due to the Fed’s expected interest rate hike to 4.65 percent, as well as tight inventory, affordability concerns and continuing tight credit standards.

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