? Here’s what experts have to say about what lies ahead:
? Home prices have seen 121 consecutive months of year-over-year increases. None of the experts are projecting depreciation.
? Home prices are projected to rise and so are mortgage rates.
? Experts say the housing market isn’t set up for a price decline due to that ongoing imbalance between supply and demand. In the latest home price forecasts for 2022, they’re calling for ongoing appreciation throughout the year.
? Experts are also forecasting another strong year for home sales as people move to meet their changing needs.
If you are a buyer, don’t wait. If you’re a homeowner thinking about selling and buying another home afterwards, you should factor in when planning your next steps. Waiting will cost you more in the long run because climbing mortgage rates and rising home prices will have an impact on your next home purchase.
In today’s hot housing market, you need a partner who can serve as your guide to sell at top dollars or to write a winning offer. Let’s connect ? (310) 503-9886 so you have a trusted resource on how to make the strongest case possible for your specific situation.
Stephen Haw (310) 503-9886; [email protected]. DRE#00808646. Keller Williams Palos Verdes Realty
Call 310.503.9886 or email skh8828(at)gmail(dotted)com for professional guidance from The Stephen Haw Group, your local experts with international connections.