An update on how the 2022 market is starting the year this January.
Today I’ll give you an update on what's happening in the market right now and what we're looking forward to in 2022.
There are currently very few homes on the market, so when something comes up, and it's priced correctly, it receives multiple strong offers. People are also waiving some contingencies like the appraisal so when something comes up that is priced correctly, it receives multiple strong offers.
Will this situation continue throughout 2022? We aren’t expecting many homes to come on the market. We'll still see good appreciation, just not as crazy as 2021. Interest rates are also predicted to rise this year. If rates do increase, they will have a big impact on our market.
If you have any questions, please call or email me. I look forward to hearing from you.Posted by Betty Gales on