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December 29, 2015

Experts forecast the 2016 real estate market

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Hartford Business Journal's 2015-2016 Book of Lists includes experts’ forecasts on what the Greater Hartford real estate market will look like in 2016. There’s a view among the experts that there will be less demand for overpriced properties and that first-time buyers and investors will rule the market.

Also under consideration is the impact of public policy on real estate values. Experts also say job stability and interest rates will play a role in the 2016 real estate market.

Less demand for overpriced properties: By Joanne Breen, Co-owner of ERA Sargis-Breen Real Estate in Newington, and president of the Greater Hartford Association of Realtors

First-time buyers, investors rule: By Sandy Maier Schede, Broker/owner of Maier Real Estate in Meriden, and 2015 president of the Connecticut Association of Realtors

CT public-policy decisions will drive home values: By Curt Clemens Sr., President/founder, Century 21/Clemens & Sons, Rocky Hill/West Hartford

Job stability, interest rates are housing's 'X' factors: By Candace Adams, CEO, Berkshire Hathaway Real Estate Services New England in Wallingord

Compound impact of a growing economy: By Frank H. Hird, Vice president of O,R&L Commercial in Rocky Hill, and president of the Connecticut Chapter of Industrial and Office Realtors

[See what others are saying on HBJ's Economic Forecast 2016 page]

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