Expert Insights on the 2022 Housing Market

Written by Fort Lauderdale Condo Financing on December 29, 2021. Posted in For Buyers, For Sellers, Fort Lauderdale Condo Financing, Fort Lauderdale Condo Mortgage Rates, Housing Market Updates, Interest Rates, Pricing.

As we move into 2022, both buyers and sellers are wondering, what’s next? Will there be more homes available to buy? Will prices keep climbing? How high will mortgage rates go? For the answer to those questions and more, we turn to the experts. Here’s a look at what they say we can expect in 2022. Odeta Kushi, Deputy Chief Economist, First American: “Consensus forecasts put rates at about 3.7% by the end of next year. So, that’s still historically low, but certainly higher than they are today.” Danielle Hale, Chief Economist, realtor.com: “Affordability will increasingly be a challenge...

The Average Homeowner Gained $56,700 in Equity over the Past Year

Written by Fort Lauderdale Condo Financing on December 23, 2021. Posted in For Sellers, Fort Lauderdale Condo Financing, Fort Lauderdale Condo Mortgage Rates, Housing Market Updates, Pricing.

When you think of homeownership, what’s the first thing that comes to mind? Chances are you might focus on the non-financial benefits, like the security or stability a home provides. But what about equity? While it can be overlooked, a homeowner’s equity helps build long-term wealth over time. Here’s a look at what equity is and why it matters. For a homeowner, your equity is the current value of your home minus what you owe on the loan. So, as home values climb, your equity does too. That’s exactly what’s happening today. There aren’t enough homes on the market to meet buyer demand, so bidding...

What Everyone Wants To Know: Will Home Prices Decline in 2022?

Written by Fort Lauderdale Condo Financing on December 23, 2021. Posted in First Time Home Buyers, For Buyers, Fort Lauderdale Condo Financing, Fort Lauderdale Condo Mortgage Rates, Housing Market Updates, Move-Up Buyers, Pricing.

If you’re thinking of buying a home in today’s housing market, you may be wondering how strong your investment will be. You might be asking yourself: if I buy a home now, will it lose value? Or will it continue to appreciate going forward? The good news is, according to the experts, home prices are not projected to decline. Here’s why. With buyers still outweighing sellers, home prices are forecast to continue climbing in 2022, just at a slower or more moderate pace. Why the continued increase? It’s the simple law of supply and demand. When there are fewer items on the market than there are...

Homebuyers Are Going on a Shopping Spree This Winter

Written by Fort Lauderdale Condo Financing on December 23, 2021. Posted in For Buyers, For Sellers, Fort Lauderdale Condo Financing, Fort Lauderdale Condo Mortgage Rates, Housing Market Updates, Move-Up Buyers.

Black Friday and Cyber Monday are over, which means some shoppers have wrapped up their holiday buying. But there’s still a group of buyers that are very active this holiday season – homebuyers. Experts anticipate the real estate market will see a flurry of activity this winter, and that’s great news for today’s sellers. If you’re planning on listing your home, there’s no need to wait until the spring for better conditions – today’s real estate market is already heating up. Buyers Have Warmed Up to the Idea of Purchasing This Winter The past 18 months brought about significant lifestyle changes...

2022 Housing Market Forecast [INFOGRAPHIC]

Written by Fort Lauderdale Condo Financing on December 23, 2021. Posted in First Time Home Buyers, For Buyers, For Sellers, Fort Lauderdale Condo Financing, Fort Lauderdale Condo Mortgage Rates, Housing Market Updates, Infographics, Interest Rates, Move-Up Buyers, Pricing.

Some Highlights What does the coming year hold for the housing market? Here’s what experts project for 2022. Mortgage rates are projected to rise and so are home prices. Experts are forecasting buyer demand will remain strong as people try to capitalize on rates and prices before they climb, creating another strong year for home sales. Let’s connect so you can make your best move in the new year. Content previously posted on Keeping Current Matters

Homebuyers: Be Ready To Act This Winter

To succeed as a buyer in today’s market, it’s important to understand which market trends will have the greatest impact on your home search. Danielle Hale, Chief Economist at realtor.com, says there are two factors every buyer should keep their eyes on: “Going forward, the conditions buyers face are primarily dependent on two things: mortgage rates and housing supply.” Here’s a look at each one. Mortgage Rates Projected To Rise in 2022 As a buyer, your interest rate directly impacts how much you’ll pay on your monthly mortgage when you purchase a home. Rates are beginning to rise, and experts...

Category: Housing Market Updates