If you have been waiting to sell real estate that you own
If you have been waiting to sell real estate that you own, because you wanted to sell at the peak of the market, you should get ready in 2022! Can the prices still go higher on homes, land and commercial/light industrial in Eagle County?...yes, but the rise has already greatly slowed. Interest rate hikes are already planned for 2022 and most Buyers reach a saturation point where they either can't afford any more and/or choose not to pay any more. This next year may actually be that point. No one knows for sure, nor does anyone hardly ever sell at the exact peak of the market, but like the game of horseshoes, close counts! Set up a time to discuss your unique situation with a professional at Team Black Bear and make your plans now!
Experts Predict What The Housing Market Will Look Like In 2022
"Home sales will notch lower by 2% in 2022, principally because of higher mortgage rates. Home sales will not crash thanks to job gains, investor demand and the work-from-home reshuffle in residential location choice." - Lawrence Yun, chief economist for the National Association of Realtors
"We expect a slower growth rate for home building in 2022, but the level of single-family housing starts will be about 25% higher than it was in 2019, pre-Covid." - Robert Dietz, senior vice president and chief economist for the National Association of Home Builders