As we begin 2022, our real estate market has low inventory and low interest rates. Experts anticipate that we’ll have inventory and supply chain issues throughout next year. This means it will be a good time to sell for the foreseeable future.
As a buyer, it’s still a great time to lock in a low interest rate. For 30-year, fixed-rate loans, rates are still hovering in the low 3% range. The Mortgage Bankers Association predicts that these rates will end the year around 4%.
“Rates may increase to 4% by the end of the year.”
We anticipate that housing prices will remain high, although we hope they’ll level off a little bit if we see some more inventory.
Whether you’re a buyer or a seller, you can take advantage of this market right now. If you have any questions about what you need to do to make a move, don’t hesitate to reach out via phone or email. We look forward to hearing from you soon.
