As the year is drawing to a close, real estate industry experts are setting out their predictions for how the industry will change in the coming year. Some predict that housing prices will rise slowly in most U.S. cities and that a rise in employment will bring more home buyers into the market. Particularly interesting is realtor.com’s list of the “Top Ten Real Estate Markets to Watch in 2016.” They named Virginia Beach as one of the next “red-hot places for real estate!” To determine this they compared the 100 largest markets in the country. Virginia Beach’s growth is predicted to be higher than the US average, our listing page views are 60% higher than the national average, and our inventory sells 16% faster. A better economy and the size of key markets in Virginia Beach add up to promising market conditions in 2016!
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