After almost two years of ridiculously low mortgage rates, is the real estate industry in for a change as we roll into 2022? That’s the question on everyone’s mind. Will it be more of the same, or will interest rates climb their way back up? According to experts, it looks like interest rates will start to increase in 2022—and sooner rather than later!
2022 Real Estate Forecast
Get Ready for a Listing-Filled 2021 Holiday Season
The Holiday Season isn’t historically the best for real estate. That’s usually when you see the biggest dip in sales. However, this year has been an especially strong market for sellers, and all signs are pointing to a record-breaking 2021 Holiday Season! Fasten your seatbelts and get ready for a winter home-sale surge like we’ve never seen before!
SHOULD YOU BUY A HOME DURING THE HOLIDAYS?
The holiday season is the busiest time of year. Days are filled with entertaining guests, family parties, and shopping for gifts. For many, the thought of buying a house during the holidays seems like a cumbersome task to add to the already long to-do list. But, before you shy away from holiday house hunting, here are a few reasons why it might be the perfect time to purchase a home.
WHAT DOES IT MEAN WHEN A HOME’S PRICE DECREASES?
Homes can be on the market for a few days, and the next day, you might see a price reduction. Many buyers assume there might be something wrong with the house, but that’s not necessarily the case. When a house on the market drops in price, the industry term “priced reduced” is used on the listing. Here’s what it really means when a home’s price is reduced.
SHOULD YOU BUY AT THE END OF 2021?
If you’re on the fence about buying property at the end of 2021, you might be surprised to learn that it’s not such a bad idea. 2021 was an incredible year for the housing industry, as far as sellers are concerned. Homes sold at record speeds and prices, while interest rates dipped to some of the lowest numbers in history. As things start to slow down, it’s natural to wonder “what’s next?”