Happy New Year to all my friends! Thank you for trusting me with the most important investment in your life. Your home! 

I am so grateful to have met new friends this year and I am grateful for all of the referrals y'all sent my way. Trusting me to lead you and guide you through the home buying process or home selling process is such an honor and I thank you from the bottom of my heart.

I know how difficult the home buying process has been for some of you this year. We all are hoping to see a change after the new year has arrived. Market experts are predicting slightly more inventory coming soon. This will be a relief for many. 

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 industry experts. Here’s a look at what they say we can expect in 2022:

Deputy Chief Economist, First American:

"Concensus forecasts put rates at about 3.7% by the end of 2022. That is still historically low, but certainly higher than they are today."

Chief Economist, National Association of Realtors (NAR):

"With more housing inventory to hit the market, the intense multiple offers will start to ease. Home prices will continue to rise but at a slower pace."

Manager of Economic Research, Realtor.com:

"We also expect a growing number of homeowners to bring properties to market, taking some pressure off high prices and offering buyers more options." 

What Does This Mean for Buyers?

Hope is on the horizon for 2022. You should see your options grow as more homes are listed and some of the peak intensity of buyer competition starts to ease. Just remember, rising rates and prices are a great motivator for you to find the home of your dreams sooner rather than later so you can buy while today’s affordability is still in your favor.

What Does This Mean for Sellers?

Make no mistake – this sellers’ market will remain in 2022 as home prices are projected to continue climbing, just at a more moderate pace. Selling your house while buyer demand is so high will truly put you in the driver’s seat. But don’t wait too long. With more listings projected to become available, your ideal window of opportunity to stand out from the crowd won’t last forever. Work with an agent who knows your local market and current inventory conditions to ensure you have the support you need to make an educated and informed decision about selling in the coming year.

Bottom Line

If you’re thinking of buying or selling, 2022 may be your year. Partner with a real estate professional to discuss your goals and the unique opportunities you have in today’s housing market.

Happy New Year Friends! 

Cheers!

~Misty