2022 Real Estate Predictions
What does the rest of the year hold for the real estate market ? let’s talk about it. In a nutshell the number of homes available for sale are likely to grow!
•as a buyer, having more options is welcoming news. just remember housing supplies still is low so be ready to act fast and put your best offer upfront.
•as a seller your home may soon face competition with other sellers listing their homes but the good news is, if you’re also buying your next home having more options to choose from should make the move up process easier.
Mortgage rates will continue to respond to inflationary pressures.
•As a buyer work with a trusted real estate professional including your lender so you can learn how rising mortgage rates environment impact your purchasing power. It may make sense to buy now before it cost more to do so, if you’re ready.
•As a seller rising mortgage rates are motivating some homeowners to make a move up sooner rather than later if you’re planning to buy your next home - talk to a trusted real estate advisor to decide how to time your move.
And home processes are projected to continue to climb.
•What is this mean as a buyer continued home price appreciation means it’ll cost you more to buy the longer you wait. But it also gives you the peace of mind that once you do buy a home it will likely grow in value. That makes it historically a good investment and a strong hedge against inflation.
•As a seller pro appreciation is great news for the value of your home. Again, laying on a professional to strike the right balance of the best conditions possible for both selling your house and buying your next one.
Bottom line whether your home seller or a buyer you need to know what’s happening in the real estate market so you can make the most informed decision possible. If you’d like to talk to a real estate advisor to discuss your goals and what lies ahead so you can pick the best time to make a move give us a call.