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As we move into 2022, both buyers and sellers are wondering, what’s next? Will there be more homes available to buy? Will prices keep climbing? How high will mortgage rates go? For the answer to those questions and more, we turn to the experts. Here’s a look at what they say we can expect in 2022.

Odeta Kushi, Deputy Chief Economist, First American:

“Consensus forecasts put rates at about 3.7% by the end of next year. So, that’s still historically low, but certainly higher than they are today.”

Danielle Hale, Chief Economist, realtor.com:

Affordability will increasingly be a challenge as interest rates and prices rise, but remote work may expand search areas and enable younger buyers to find their first homes sooner than they might have otherwise. And with more than 45 million millennials within the prime first-time buying ages of 26-35 heading into 2022, we expect the market to remain competitive.”

Lawrence Yun, Chief Economist, National Association of Realtors (NAR):

“With more housing inventory to hit the market, the intense multiple offers will start to ease. Home prices will continue to rise but at a slower pace.”

George Ratiu, Manager of Economic Research, realtor.com:

“We also expect a growing number of homeowners to bring properties to market, taking some pressure off high prices and offering buyers more options.”

Mark Fleming, Chief Economist, First American:

Strong demographic demand will continue to act as the wind in the housing market’s sails.”

What Does This Mean for Buyers?

Hope is on the horizon for 2022. You should see your options grow as more homes are listed and some of the peak intensity of buyer competition starts to ease. Just remember, rising rates and prices are a great motivator for you to find the home of your dreams sooner rather than later so you can buy while today’s affordability is still in your favor.

What Does This Mean for Sellers?

Make no mistake – this sellers’ market will remain in 2022 as home prices are projected to continue climbing, just at a more moderate pace. Selling your house while buyer demand is so high will truly put you in the driver’s seat. But don’t wait too long. With more listings projected to become available, your ideal window of opportunity to stand out from the crowd won’t last forever. Work with an agent who knows your local market and current inventory conditions to ensure you have the support you need to make an educated and informed decision about selling in the coming year.

If you’re thinking of buying or selling, 2022 may be your year. Let’s connect to discuss your goals and the unique opportunities you have in today’s housing market.

Let’s Talk

You’ve got questions and we can’t wait to answer them.

🌿Meet Kristy Talmy-Greenwood @elevenrealestate team member 🎉

Kristy is an experienced Real Estate agent who has been selling up and down the coast of California for close to 20 years. 

We love her experience, knowledge, know-how, grit and wisdom. 
But, she is also a certified foundation inspector 👷🏻‍♀️and, as if that weren’t enough, a certified home inspector. 🛠

Kristy is a dream for buyers who want someone that understands the physical nuances of home buying and also for sellers who want to prepare their home for a solid and transparent sale. She single-handedly brings more to a transaction than most would hope for in an entire team. That being said, she is a team player through and through. 

Kristy understands your needs and can translate them into reality. She is as comfortable in front of an international investor 🏗as she is under the house pointing out drainage considerations and other structural data most of us leave for the pros. Because she is the pro! 💪🏽

Kristy is as over-qualified as she is  kind, intelligent, funny and warm-hearted. And, she is street smart. We like them smart! 

Kristy's eyes light up when talking about the mysteries and secrets hidden in a crawlspace. Long time lover of construction, our realtor/home inspector extraordinaire brings a multi dimensional perspective to the sale or purchase of any property. She is excellent at what she does and easy to work with.

Kristy loves the outdoors, mostly around the water, and spending time with her three children and the family rescue pup. She is a poet, hiker, surfer, body-builder, traveler, and is always up to pushing the envelope with a good day dream!

Welcome @kristy.greenwood.injoy to Eleven Real Estate Team 🙌🏻

#welcome #realtor #homeinspector #homebuying #homeselling #realestatetips #realtoroftheyear #tealtorforlife #realestateagent #sananselmo #fairfaxca #realestateagent #marinlife #marinrraltor #elevencalifornia #eleven Instagram post: 🌿Meet Kristy Talmy-Greenwood @elevenrealestate team member 🎉 Kristy is an experienced Real Estate agent who has been selling up and down the coast of California for close to 20 years. We love her experience, knowledge, know-how, grit and wisdom. But, she is also a certified foundation inspector 👷🏻‍♀️and, as if that weren’t enough, a certified home inspector. 🛠 Kristy is a dream for buyers who want someone that understands the physical nuances of home buying and also for sellers who want to prepare their home for a solid and transparent sale. She single-handedly brings more to a transaction than most would hope for in an entire team. That being said, she is a team player through and through. Kristy understands your needs and can translate them into reality. She is as comfortable in front of an international investor 🏗as she is under the house pointing out drainage considerations and other structural data most of us leave for the pros. Because she is the pro! 💪🏽 Kristy is as over-qualified as she is kind, intelligent, funny and warm-hearted. And, she is street smart. We like them smart! Kristy's eyes light up when talking about the mysteries and secrets hidden in a crawlspace. Long time lover of construction, our realtor/home inspector extraordinaire brings a multi dimensional perspective to the sale or purchase of any property. She is excellent at what she does and easy to work with. Kristy loves the outdoors, mostly around the water, and spending time with her three children and the family rescue pup. She is a poet, hiker, surfer, body-builder, traveler, and is always up to pushing the envelope with a good day dream! Welcome @kristy.greenwood.injoy to Eleven Real Estate Team 🙌🏻 #welcome #realtor #homeinspector #homebuying #homeselling #realestatetips #realtoroftheyear #tealtorforlife #realestateagent #sananselmo #fairfaxca #realestateagent #marinlife #marinrraltor #elevencalifornia #eleven
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