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Mortgage rates are much higher today than they were at the beginning of the year, and that’s had a clear impact on the housing market.

There are more homes for sale today than at any time last year.

If you’re following the news, chances are you’ve seen or heard some headlines about the housing market that don’t give the full picture.

Some Highlights

• The housing market is moving away from the frenzy of the past year and it’s opening doors for you if you’re thinking about buying a home.
• Housing inventory is increasing, which means more options for your search. Plus, the intensity of bidding wars may ease as buyer demand moderates, leading to fewer homes selling above asking price.
• If you’re ready to buy a home, now may be the moment you’ve been waiting for. Partner with a real estate professional to start the homebuying process today.

Buying a home is a major life decision.

With all the headlines and buzz in the media, some consumers believe the market is in a housing bubble.

If rising home prices leave you wondering if it makes more sense to rent or buy a home in today’s housing market, consider this.

As there’s more and more talk about the real estate market cooling off from the peak frenzy it saw during the pandemic, you may be questioning what that means for your plans to sell your house.

Some Highlights

• The housing market is shifting away from the intensity of the past two years. Here’s what experts project for the remainder of 2022.
• Home prices are forecast to rise more moderately than last year. Mortgage rates will respond to inflation, and home sales will be more in line with pre-pandemic years.
• Connect with a local real estate professional so you can make your best move this year.

When the pandemic hit in 2020, many experts thought the housing market would crash.