Weekly South Bay Market Focus

Following the housing market's best year since the recession, existing home sales are expected to increase in 2016 at a moderate pace; Sales activity in 2016 will once again be primarily driven by the ongoing release of more sellers equity gains and using it towards the down payment of their next home.  With demand expected to remain stable through December, forecast home sales to finish in 2015 at a pace 5.30 million and expand 3% to round 5.45 million in 2016.
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