Looking back on 2015 housing market, forecasting 2016

As we begin 2016 and reflect on the last 12 months, we would ultimately characterize 2015 as having been a very solid year for housing.  Early year-end numbers indicate that year-over-year sales nationally are up by about 10%, equating to roughly 5.3 to 5.4 million units of inventory (and compared to about 4.9 million in 2014).  The strong spring selling season in 2015 was indicative of the market’s overall strength, even while luxury sales activity appeared to have slowed slightly over the course of the last four months. Furthermore, as has been evident in the wake of the Fed’s December announcement, the long-anticipated interest rate increase is not predicted to have a large impact on home-buying activity in the year to come.

Locally in our Nebraska market areas, we saw a nearly flat year. Woods Bros Realty closed 3,157 total units, compared with 3,200 in 2014. However, the company’s closed volume is up 5 percent year over year. The luxury market, defined as homes $400,000 and up in the Lincoln market, was down in 2015 overall. Lincoln, Seward/York, Grand Island and Beatrice are all still experiencing a sellers’ market with fewer than six months of inventory available for sale.

residential market review 2015Looking ahead, here are some of the trends we’ll be watching:

  • 2016 will be a continuation of the housing market’s recovery: This will not be a “boom” or a “bust” year, but a “normal” one with reasonable expectations.
  • Millennials forming new households: This key segment of the consumer population has largely delayed purchasing homes; however, we are starting to see a shift from rentals to ownership among the demographic … and we expect 2016 to be a “break-out year” for these buyers.
  • Washington recognizes the need for affordability: We are seeing a move toward more normalized credit standards versus more risk-averse standards, essentially giving more qualified buyers the opportunity to own a home.  The banks, Fannie Mae and Freddie Mac have furthermore seen fewer foreclosures in the recent year, and we expect that trend to continue in 2016.
  • Boomerang buyers bounce back: Homeownership continues to be a very important dream among American consumers. While a number of people weathered the hardships of short-sales or foreclosures in the downturn, over the last five years, we have seen a gradual return of these buyers to the marketplace – another indication that the market has been successfully working through prior challenges.  People who may have been forced into rentals are now re-entering the market with home purchases.
  • By that same token, even with the dollar strengthening against other global economies, the American housing market will maintain its standing as a very safe place to park assets.

All that said, as the recovery continues and the strength of the industry grows, 2016 will be another important year for housing and its steady move toward normalcy.

January By the Numbers

Woods Bros Realty is rocking into 2012 with increases all around. Take advantage of the buyers we’re working with due to low interest rates, and consider listing your home in this sellers’ market. Call a Woods professional today!

Here are the January numbers from all Woods Bros offices, including Lincoln, Seward, York, Beatrice and Grand Island:

  • $20,299,97 Total Volume Closed (Up 16% from Jan. 2011)
  • 135 Total Sides Closed (Up 23% from Jan. 2011)
  • 271 Sides Placed Under Contract (Up 24% from Jan. 2011)
  • 521,533 Page Views on WoodsBros.com
  • 55,622 User Sessions on WoodsBros.com
  • 7,326 User Sessions from Mobile Devices
  • 69 New Saved Searches on WoodsBros.com
  • 1,289 New Saved Properties on WoodsBros.com
  • 232 New Customers/Clients on WoodsBros.com
  • 1,277 Daily Active Users on Facebook.com/WoodsBros
  • 121 Text Inquiries to WOODS at 59559
  • 3,567 Guided Tour Views at WoodsBros.com
  • 197 Views on MyWoodsBrosTV.com

View our monthly Market Snapshot here.

December By the Numbers

We ended the year with a strong month, making our final 2011 better than 2010. It is a sellers market out there, as the inventory of listings for sale is extremely low. Here are the December numbers from all Woods Bros offices, including Lincoln, Seward, York, Beatrice and Grand Island:

  • $35,560,565 Total Volume Closed (Up 3% from Dec. 2010)
  • 264 Total Sides Closed (Up 18% from Dec. 2010)
  • 206 Sides Placed Under Contract (Up 36% from Dec. 2010)
  • 327,679 Page Views on WoodsBros.com
  • 36,317 User Sessions on WoodsBros.com
  • 4,573 User Sessions from Mobile Devices
  • 34 New Saved Searches on WoodsBros.com
  • 913 New Saved Properties on WoodsBros.com
  • 152 New Customers/Clients on WoodsBros.com
  • 1,231 Daily Active Users on Facebook.com/WoodsBros
  • 84 Text Inquiries to WOODS at 59559
  • 2,266 Guided Tour Views at WoodsBros.com
  • 20 Views on MyWoodsBrosTV.com

View our monthly Market Snapshot here.

November By the Numbers

Business is still going strong for this time of year. Here are the November numbers from all Woods Bros offices, including Lincoln, Seward, York, Beatrice and Grand Island:

  • $38,523,472 Total Volume Closed (Up 57% from Nov. 2010)
  • 252,5 Total Sides Closed (Up 62% from Nov. 2010)
  • 224 Sides Placed Under Contract (Up 4% from Nov. 2010)
  • 371,269 Page Views on WoodsBros.com
  • 41,383 User Sessions on WoodsBros.com
  • 5,040 Users Sessions from Mobile Devices
  • 57 New Saved Searches on WoodsBros.com
  • 875 New Saved Properties on WoodsBros.com
  • 135 New Customers/Clients on WoodsBros.com
  • 1,520 Daily Active Users on Facebook.com/WoodsBros
  • 111 Text Inquiries to WOODS at 59559
  • 2,909 Guided Tour Views at WoodsBros.com
  • 562 Views on MyWoodsBrosTV.com

View our monthly Market Snapshot here.

October By The Numbers

Here are the October numbers from all Woods Bros offices, including Lincoln, Seward, York, Beatrice and Grand Island:

  • $33,557,185 Total Volume Closed (Down 6% from Oct. 2010)
  • 263 Total Sides Closed (Up 26% from Oct. 2010)
  • 265 Sides Placed Under Contract (Up 46% from Oct. 2010)
  • 451,105 Page Views on WoodsBros.com
  • 48,749 User Sessions on WoodsBros.com
  • 5,775 Users Sessions from Mobile Devices
  • 47 New Saved Searches on WoodsBros.com
  • 913 New Saved Properties on WoodsBros.com
  • 394 New Customers/Clients on WoodsBros.com
  • 1,338 Daily Active Users on Facebook.com/WoodsBros
  • 186 Text Inquiries to WOODS at 59559
  • 3,026 Guided Tour Views at WoodsBros.com
  • 394 Views on MyWoodsBrosTV.com

View our monthly Market Snapshot here.

September By the Numbers

September looks great compared with the same time last year. Absorption rate, or the supply of homes on the market, is indicating that we are in a Buyer’s Market in most price ranges. Coupled with all-time low interest rates, there are great buys out there!

Here are the September numbers from all Woods Bros offices, including Lincoln, Seward, York, Beatrice and Grand Island:

  • $41,164,675 Total Volume Closed (Up 32% from Sept. 2010)
  • 274 Total Sides Closed (Up 34% from Sept. 2010)
  • 335 Sides Placed Under Contract (Up 78% from Sept. 2010)
  • 408,108 Page Views on WoodsBros.com
  • 44,709 User Sessions on WoodsBros.com
  • 4,771 Users Sessions from Mobile Devices
  • 48 New Saved Searches on WoodsBros.com
  • 995 New Saved Properties on WoodsBros.com
  • 529 New Customers/Clients on WoodsBros.com
  • 1,446 Daily Active Users on Facebook.com/WoodsBros
  • 173 Text Inquiries to WOODS at 59559
  • 2,700 Guided Tour Views at WoodsBros.com
  • 219 Views on MyWoodsBrosTV.com

View our monthly Market Snapshot here.

August By the Numbers

Here are the August numbers from all Woods Bros offices, including Lincoln, Seward, York, Beatrice and Grand Island:

  • $43,535,123 Total Volume Closed (Up 11% from August 2010)
  • 277 Total Sides Closed (Up 33% from August 2010)
  • 307 Sides Placed Under Contract (Up 23% from August 2010)
  • 452,373 Page Views on WoodsBros.com
  • 51,967 User Sessions on WoodsBros.com
  • 5,485 Users Sessions from Mobile Devices
  • 49 New Saved Searches on WoodsBros.com
  • 1,174 New Saved Properties on WoodsBros.com
  • 790 New Customers/Clients on WoodsBros.com
  • 1,747 Daily Active Users on Facebook.com/WoodsBros
  • 187 Text Inquiries to WOODS at 59559
  • 3,389 Guided Tour Views at WoodsBros.com
  • 229 Views on MyWoodsBrosTV.com

View our monthly Market Snapshot here.

July by the Numbers

Here are the July numbers from all Woods Bros offices, including Lincoln, Seward, York, Beatrice and Grand Island:

  • $44,869,985 Total Volume Closed (Up 60% from July 2010)
  • 286 Total Sides Closed (Up 60% from July 2010)
  • 300 Sides Placed Under Contract (Up 24% from July 2010)
  • 468,427 Page Views on WoodsBros.com
  • 50,884 User Sessions on WoodsBros.com
  • 75 New Saved Searches on WoodsBros.com
  • 1,364 New Saved Properties on WoodsBros.com
  • 147 New Customers/Clients on WoodsBros.com
  • 963 Daily Active Users on Facebook.com/WoodsBros
  • 201 Text Inquiries to WOODS at 59559
  • 3,689 Guided Tour Views at WoodsBros.com
  • 2,188 Views on MyWoodsBrosTV.com

View our monthly Market Snapshot here.

June by the Numbers

Here are the June numbers from all Woods Bros offices, including Lincoln, Seward, York, Beatrice and Grand Island:

  • $41,032,338 Total Volume Closed (Down 36% from May 2011)
  • 309 Total Sides Closed (Up 6% from May 2011)
  • 287 Sides Placed Under Contract (Up 23% from June 2010)
  • 442,353 Page Views on WoodsBros.com
  • 49,963 User Sessions on WoodsBros.com
  • 34 New Saved Searches on WoodsBros.com
  • 1,313New Saved Properties on WoodsBros.com
  • 144 New Customers/Clients on WoodsBros.com
  • 963 Daily Active Users on Facebook.com/WoodsBros
  • 244 Text Inquiries to WOODS at 59559
  • 3,346 Guided Tour Views at WoodsBros.com
  • 111 Views on MyWoodsBrosTV.com

View our monthly Market Snapshot here.

May By The Numbers

Here are the May numbers from all Woods Bros offices, including Lincoln, Seward, York, Beatrice and Grand Island:

  • $64,290,304 Total Volume Closed (Up 78%% from Apr. 2011)
  • 291 Total Sides Closed (Up 24%% from Apr. 2011)
  • 292 Sides Placed Under Contract (Down 11% from Apr. 2011)
  • 481,991 Page Views on WoodsBros.com
  • 55,583 User Sessions on WoodsBros.com
  • 42 New Saved Searches on WoodsBros.com
  • 1,104 New Saved Properties on WoodsBros.com
  • 92 New Customers on WoodsBros.com
  • 1,072 Daily Active Users on Facebook.com/WoodsBros
  • 244 Text Inquiries to WOODS at 59559
  • 2,998 Guided Tour Views at WoodsBros.com
  • 1,663 Views on MyWoodsBrosTV.com

View our monthly Market Snapshot here.

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