Zillow's 6 Real Estate Predictions for 2016

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Zillow’s 6 Real Estate Predictions for 2016

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Each year, Zillow predicts housing market trends for the year to come. Here are Zillow’s predictions for 2016.

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1 First-time buyers entering the market will be older than ever. In the ‘80s, the median age was 30 years old. Now, the median age is 33.

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2 Home values are rising faster than incomes, which will make it difficult for low-income Americans to become homeowners.

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3 Home value growth will be around 3.5% in 2016, according to the latest Zillow Home Price Expectations Survey.

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4 Rents are predicted to reach new highs in 2016. The current median rent in the U.S. is $1,382.

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5 People will move outside of the city and look to the suburbs for more affordable living.

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6 Hot spots will be dense, walkable suburbs with urban amenities.

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Looking for more info? Check out zillow.com/research or Tweet us @Zillow

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