Three reasons why 2022 will be another strong year for real estate.
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Will the market slow down this year? I get this question all the time, and the answer is a solid no. It looks like 2022 will be another strong year for real estate, and there are three reasons why:
1. The market is still strong despite interest rate increases. When interest rates go up, buyers lose buying power, and demand usually drops. However, despite two increases already, the market has stayed incredibly strong.
2. There is a lack of inventory. I’ve been singing this song all last year, but it remains true. We would need to triple our inventory to service all the buyers in this market.
3. Sellers aren’t pressured to sell. If something forced sellers to list their homes, that would bring a lot of inventory to our market, and maybe the market would start to balance out. Right now, there isn’t any such pressure that would force sellers to go to market.
It looks like 2022 will be yet another strong year for real estate. If you’d like to talk about what this means for your home’s value or discuss strategies to help you buy a home, feel free to call or email me. I would love to help.