Forbes have released an article informing that Housing market will remain alive and kicking in 2016.
Existing Home Sales rise to 0.4% from previous month. This transcribes to a 11% increase compared to last year. Existing home sales becomes the second strongest month since year 2007.
National Association of Realtors releases a data about the existing single family homes regional sales by price. As per Forbes, This data indicates that most of the market has witnessed significant gains since last year – except for the cheapest priced homes (sub $100,000) which amount to about 16% of all existing sales.
S&P/Case-Shiller Home Prices Indices showed improvement in home values by over 5% at year end of 2015 compared to year 2014.