![]() ![]() They’ve totally disrupted people’s plans both to sell and buy. We haven’t seen anything like this very rapid increase in rates in the last 20 years. “While the fundamental issue of enough housing for the country is probably going to take a couple years, these rates could ease up the for-sale inventory a little bit sooner. Len Kiefer, deputy chief economist at Freddie Mac In even better news, a 43% share of those selling have expected prices below $350,000 - the range most first-time buyers target - and 22% anticipate listing between $350,000 and $500,000. “An inventory peak in late summer or early fall is the most likely scenario, given how the market returned to normal seasonal trends in 2021.” –Jeff Tucker, senior economist at ZillowĪbout 64% of prospective home sellers plan to list their properties by the end of August, according to a report. While recent history has been anything but normal, 2022 could start heading in that direction. In a normal year, available homes for sale become most plentiful sometime between July and September. Are more homes coming to the market in 2022? And 2022’s significant mortgage rate growth could help bring back this typical seasonality.īy late summer and early fall, there should be a bump in listings for buyers to look forward to. However, inventory normally recovers by the end of summer. It can feel like whenever you find a listing that meets your needs, your offer gets buried under a pile of competitive bids. ![]() A serious lack of homes for sale over the last 18 months has made house hunting in 2022 quite a challenge. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |