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Today we have some important insight regarding Lincoln real estate in 2016. Lawrence Yun, Chief Economist for the National Association of Realtors, was in town to speak recently, and he shared his thoughts and predictions for 2016! Lawrence is a wealth of information, and when he talks, it's worth listening to-- so enjoy this episode of Searcy's Real Estate Video Blog and get ready for a record-setting 2016 in Lincoln Nebraska!
Mr. Yun thinks that 2016 will outpace 2015. This is incredible because 2015 was a chart-topping year in real estate! He also thought that inventory would remain extremely low for many reasons, among them the fact that people are staying in their homes longer, with the national average inching up from moving every 7 years to approaching 10 years.
On top of this, there are 30,000 more people employed in Lincoln today, compared with the year 2000. These people will need to live somewhere! That’s 30,000 people that just may buy, sell, or invest in real estate!
At the same time, the one thing that may hold us back is the lack of inventory. Buyers are motivated to quickly act on nice properties that are coming on the market. If you’re thinking of selling, and you're priced right with acceptable to excellent condition, you have a very good chance for a successful sale with acceptable terms!
There’s no other way to put it: we need more homes to sell to absorb the current demand in the Lincoln area.
Please contact us if you want to sell in 2016. The spring market is coming soon!
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