Here’s What We Know About The Coming Year
This year has had a lot of ups and downs when it comes to housing and mortgages, but what can we expect next year? In this week’s video, Jamie Cavanaugh breaks down our best predictions for what the 2022 housing market will look like, so you can get ahead of the competition.
Transcript:
Hi everyone. Let’s talk about the housing and mortgage forecast for 2022!
2021 has been a wild ride with home sales on track to hit record highs. Home prices skyrocketed almost 20% in the third quarter of the year, and FHFA reports that it was the largest annual home price increase in history.
Rates are expected to remain at all-time lows, even with the Fed rate hikes in the balance, we’re anticipating rates to hover in the mid threes. This means that equity is at an all-time high and rates remain extremely low. So, if you carry other debt, like high credit cards or student loans, we can show you how to save.
And if you’ve thought about investing in real estate, now may be the time. Not only are rates still low, but rents are at all-time highs. You might be pleasantly surprised to find out that you can achieve positive cash flow even in this housing market, with prices being high.
And lastly, with high demand and relatively low inventory comes a very competitive market. So, if you’re out there looking to buy a home, the most important thing that you can do is to get pre-approved and understand your buying power, and we can help with that.
As we wrap up the year, all of us here at Amerifund would love to wish our clients, friends and referral partners a happy new year, and we look forward to serving you in 2022.
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