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3 HR CE & 25 Post | Helping Buyers Win in a Competitive Market
September 3 @ 9:30 am - 12:30 pm
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Is 2022 a good year to buy a house? Let’s get right to it: The 2022 housing market seems likely to be a watered-down version of 2021. That means while home price increases, raising interest rates might be slowing and competition could be a little less intense, overall, we’re still looking at an abnormally hot market. Why?
• Mortgage interest rates will rise but still be pretty low
• Home prices will also rise, but not as quickly as in 2021
• Housing inventory will expand
• Sellers will still mostly have the upper hand and will continue to expect multiple offers’
Buyers are finding ways to do whatever it takes to get a home as sellers are getting greedy. Buyers are smarter today as they get creative with their offers to beat the competition.
The determination of buyers who aren’t giving up until they get an offer accepted guarantees that competition will remain intense, especially in desirable metros. Prices may go up, rates may rise, inventory could expand, but there’s one certainty we can predict: People will keep on buying houses.
Let’s take a look how you can assist the home buyer in winning in a competitive market.