As we close out 2021 and it is now in our rearview
mirror we are all wondering what the 2022 housing market will look like. Fortunately, we don't have to be a fortune teller to predict what type of year is ahead. Based on data and market trends we will continue to have a solid seller's market with a void in inventory. So for those of you looking to sell, you did not miss the boat and if you are serious about selling, jump in. Spring buyers are just around the corner and the buyer pool from 2021 continues to pounce on any new inventory hitting the market.
Blackstone Properties can assist with offering a confidential CMA to get a accurate price your home.
The forecast for mortgage interest rates is to rise along with inflation during the first part of the year towards 3.75%. With Fed action, softer stock market and slowing economic conditions, interest rates should head lower in the second part of the year towards 3%.
Advice to buyers is to be SUPER prepared and WORK with a EXPERIENCED agent.
Rents will continue to rise, increases will remain about 5% pushing many people to see the benefit in buying.
If you know anyone who is thinking about buying or selling please pass on our information, we would love to assist!
