As we enter into the new year of 2022, we all have questions about the Real Estate market. As a country we have seen property prices rise 15%-25% in just a year and have seen average rents go up by almost 11%. We also saw record breaking low interest rates in the last two years, with the lowest foreclosure rate ever. In 2020, we saw lending guidelines get stricter during the pandemic and they stayed that way all the way through 2021, but this did not slow down lending. Buyers competed vigorously to get their offers accepted, leaving a lot of people frustrated with the buying process!
If you did not come out with an offer accepted and were tempted to throw in the towel, changes on the horizon may bring new hope for you! In this video we discuss 4 important predictions for the 2022 Real Estate Market that will show us which direction the market may be headed and how you can stay the course and land yourself an opportunity.
We discuss:
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Interest Rates on the Rise
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Rate/Term no longer in fashion
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Home Price Growth
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Employment & Income Growth
May the Real Estate Gods be with you! Until next time….
