5 housing predictions for 2016 – are you ready?

CCRE’s academic partner at UCLA, the Ziman Center for Real Estate, has published its latest economic letter. UCLA Anderson Forecast Senior Economist David Shulman offers his analysis of the nationwide housing rebound and some compelling new trends in the coming year. He proposes the following: 1.) Higher mortgage rates are coming, but they will not meaningfully cut into housing activity until 2017. 2.) Millennials will start buying homes again. 3. The multifamily market still has room to boom. 4.) Traditional homebuilders will develop single-family, for-rent residences. 5.) Affordability will, finally, start to constrain rents. Read more.