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December
9

2015 Real Estate Trends

December 9th, 2014 by Dickerson Nieman

When setting your goals for the coming year, consider the following 2015 real estate trends which will be accelerating the housing recovery... More Buyers Consumers are feeling better about the housing market because they're feeling more optimistic about their own economic situations. An October Fannie Mae survey reported that 45% of respondents expect their personal financial situation to improve in the next 12 months, up from 38% a year ago. First-Time Homebuyers First-timers typically account for 43% of all houses sold, yet they make up only 30% of the current market. Experts think this important segment will increase toward normal levels in 2015. Immigrants Immigration reform will lead to more immigrants forming households. The BiPartisan Policy Center estimates a $68 billion annual increase in spending on residential construction by new immigrants. Lower Foreclosures Foreclosures will continue to decline as a percentage of total inventory. That will increase the rate of market healing and push home prices up. New Households There are 121 million households in the United States. An estimated 4.48 million new households (mostly millennials) will be formed in the next three years, a 3.7% increase. If one of your goals for 2015 is to become a real estate professional, click here to learn more about joining Dickerson Nieman.

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