Sources are forecasting a real estate boom in the Sacramento housing market for 2016. The Sacramento region is being named as one the top 10 hottest real estate markets for 2016.
Low interest rates have been a major boost to the housing industry and home sales are up more than 10% from 2014. 2015 has been a busy year in real estate and now is a great time to purchase a home with interest rates forecasted to increase in 2016, which many real estate sources believe it will create an increased desire to buy sooner than later.
Home prices in the Sacramento/Roseville/Arden/Arcade market are expected to jump more than 10% next year with a 7% increase in sales.
Foreclosures and short-sales were commonplace 5 years ago, but we hardly ever come across then now. Traditional sales seem to be the majority being sold now by real estate agents.
Areas such as Roseville, Folsom, El Dorado Hills, Granite Bay and other areas in the Greater Sacramento Region offer a short drive to Lake Tahoe and Sacramento.
source: CNNmoney
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