If you are on the market to buy a new home, 2016 might be a smart year to get serious. There are many factors that go into housing market trends. Some that currently come into play are politics, the economy, and technology. Here are three reasons knowledgeable potential home buyers can get ahead of the game by understanding real estate trends of 2016.

1. 2016 is an Election Year

While the political economy might not seem like something that would affect real estate markets, buyers might be uneasy to buy in a politically sensitive time. While others are waiting to see how things play out with the upcoming election, those who are serious about buying homes can have success with offers. This can be a smart move before tax rates or incentives change in relation to mortgages and new property ownership nuances.

2. Locking in Low Interest Rates

2016 has proven to be a great year for the economy overall, and with this, mortgage interest rates currently can be locked in at low percentages. While this trend might continue into 2017, it is hard to predict where the economy will be in the future. If you are looking to buy a home with a fixed rate mortgage, it is well worth it to lock in your interest rate now.

3. Technology-Based Tools

With so many real estate tools available for house seekers to use on their smartphones and computers, home seeking is an instantaneous process. Comparing neighborhoods, open homes, and pricing when it comes to available properties has never been easier. Transparency offered through technology-based tools takes the guesswork out of the home buying process so that you can feel confident with your home search.

The real estate market is alive and well, and 2016 poses a few unique positive points for potential home buyers to take note of. If you are getting started on the home buying process, contact us for guidance in the real estate market with your personal goals and needs in mind.