While some had hoped 2022 would bring a return to normalcy, the U.S. real estate market continues to boom, despite rising interest rates and decreasing affordability.
So, what’s driving this persistent demand? And is there an end in sight?
Posts Tagged ‘HousingMarket’
Last year was one for the real estate history books. The pandemic helped usher in a buying frenzy that caused home prices to soar nationwide by a record 19.9% between August 2020 and August 2021.
However, there were signs in the fourth quarter that the red-hot housing market was beginning to simmer down.
Here’s where industry experts predict the market is headed in the coming year.
Feeling drained by the complex logistics of trying to sell and buy a new home all at once?
Read some of the most frequent concerns we hear from clients along with tips to work through them.
Whether you are a buyer or a seller, it has never been more important to understand the appraisal process and how it can be impacted by a quickly appreciating and highly competitive housing market. It is also crucial to work with a skilled real estate agent who can guide you to a successful closing without overpaying (if you are a buyer) or overcompensating (if you are a seller). Find out how appraisals in today’s unique real estate environment.