Monday, February 7, 2022 / by Capprice Kitchen
Will it Crash or Boom? This is a question I get asked a lot!
It’s a smart move to want to know what’s in store for the Housing Market before diving in, so here are my predictions for the upcoming months:
For home buyers, you’ll have much to look forward to as the inventory will be on the upswing. However, the market will remain competitive. Competition means having to make quick decisions in order to win offers.
To navigate these waters, it’s important to carefully consider your budget and hone in on a list of must-haves.
For homeowners that are ready to sell, you’re in a good position, as we are in the midst of a seller’s market, meaning the seller has the upper hand.
Demand is high, and with inventory still low, sellers can set their prices higher - but not too much higher as the property must still meet the appraisal for a lender to loan on the property (don’t price yourself out of the market).
Expect to see bidding wars on many homes, especially as the market heats up during Spring & Summer as it typically does each year.
Of course there’s a lot more to the market than noted above. No matter if you’re a first-time buyer, renter, seller, or investor it’s normal to have questions and concerns. That’s what I’m here for. Connect with and let’s chat about your next “move”.