Is the Real Estate Market at a Crossroads?
Market Shift? Housing market changes… Many people have been asking, is it still a good time to buy a home? Should I make a move this year? We can consult the experts for their projections on what the second half of 2022 has in store for residential real estate.
Mortgage Rate Direction Depends on Inflation
If inflation continues, it’s likely that mortgage rates will respond. Rising rates impact affordability and your purchasing power. That’s why it is critical for you to work with a team of knowledgeable professionals! You need to have a Real estate advocate to help you make an informed decision about your best move.
The Supply of Homes for Sale Projected to Continue Increasing
Realtor.com updated their 2022 inventory forecast. They increased their projections for inventory gains dramatically, from a 0.3% increase at the beginning of the year to a 15.0% jump by the end of 2022.
More homes to choose from is great news and changes the game for you as a buyer! But the housing supply is still low, so you need to partner with a local agent to stay on top of what’s available and what’s coming in your market.
Home Price Forecasts Continue to Show Ongoing Appreciation
Experts are still forecasting that home values will continue to climb, just at a more moderate pace this year. On average, values are projected to appreciate by about 8.5% in 2022.
ther you’re thinking about buying your first home or you’re ready to make a move, it may make sense to do it now before prices climb higher. You can be confident, that once you buy a home, that price appreciation will help increase the value of your investment.
Call, text or email us to discuss your Real Estate goals we would be honored to help you achieve them!