Which market is expected to be more turbulent in 2022? It might surprise you!
Realtor.com is currently projecting that rental rates will increase 7% this year (nationally), while housing prices are expected to increase only 3% (nationally).
See the full article here: https://www.realtor.com/research/2022-national-housing-forecast/
Here’s what it means: As high as the housing prices are, rentals are just as bad (if not worse). People who have been renting for years are entering the housing market to find stability, and to lock in their payments for the next 30 years.
Competition will continue, which is GREAT for sellers.
Buyers – Don’t lose hope! We have out-of-the-box solutions to help you find your dream home, even in a chaotic market.
Where there’s a will, there’s a way, and we can help make your dreams come true.
Watch a Broker’s Video on this topic!