What is going on with the real estate markets?

A whirlwind of a year is coming to a close, and the start of an uncertain year is rising on the horizon. So, what's coming? We know that the shortage of homes for sale and the resulting affordability crisis will intensify in 2022. Economists predict home prices will continue rising by around 5%, with mortgage rates climbing to approximately 3.7%. The combination will reward sellers and make purchasing difficult for buyers. Specific communities and price brackets will vary, which is why our Year-End 2021 Market Report will be critical if you are thinking about buying or selling in 2022. If you don't already receive a copy, email me and I will get a report out to you as soon as it is available in late January. In the meantime, I am here to answer your real estate questions—give me a call.