Local Housing Trends for 2022
VP has the forecast for the 2022 Market!
By Kelly Zander, VP Realty
The 2021 real estate market broke records with some of the lowest interest rates and highest selling prices we have seen. Buyers were willing to pay more for houses with the rates so low and were finding themselves in the scenario where they were competing against other buyers in the same situation, creating the ultimate sellers’ market. These trends have left many people curious as to where we are headed in 2022.
Most mortgage experts are saying rates will still stay historically low but will increase in 2022. The question now will be whether this will deter buyers from continuing to compete for homes. With the lack of supply and the still increased demand, it does not seem likely. There are still many buyers out there with the need to find a home in their desired location. “Remember 40 years ago, mortgage interest rates were close to 17%. With that in mind, an increase to even 4% by the end of 2022 doesn’t seem too scary.” (Source: Eric Martin, The Mortgage Reports)
Based on the local housing trends, now is a great time to sell before the market gets flooded in the spring.
Meet Kelly Zander, VP Realty
Kelly Zander is a Rockstar agent at VP Realty. Kelly had over $7.3 million in sales in 2021. Between helping sellers list and sell their home and helping buyers buy their dream home, she sold over 41 homes in 2021. Kelly is experienced and eager to help you with all your Real Estate needs, especially in this hot market. Kelly is experienced with the local housing trends. Contact Kelly today by call or text at 330-671-5518 or email at firstname.lastname@example.org. Check out her website, kzsoldit.com, and follow her on Facebook!
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