Realtor.com: Home sellers may continue to hold the upper hand, but buyers may be more sensitive to price increases; and more inventory could enter the market.
Buyers are likely to become more sensitive to price increases. Mortgage rates are on the rise and are expected to continue to increase this year. As home shoppers face higher borrowing costs, they may need to tighten their budgets or even step back from the market as home prices increase as well. That could help to moderate price trends, realtor.com says.
More inventory will likely hit the market. Buyers may see the benefit of a greater housing supply. Still, the number of homes for sale is expected to remain historically low this year, though more
Competition abounds in the real estate market, and buyers are continuing to bid up home prices this spring. Fifty-two percent of homes sold above the list price in April, up from 45% in March and from 42% a year earlier, according to OJO Labs, a real estate technology company.
Homes in April sold for an average of $13,655 above the list price across metro areas, according to the OJO Lab analysis that tracked MLS sold data.
In San Francisco, 82% of homes sold above the list price and at an average of $190,921 higher. Denver had the second-most-competitive metro, with 70% of homes selling above the list price—$33,464 higher.
A Florida Realtor can help you navigate one of life’s most important decisions.
A home is one of the largest investments you’ll ever make. And when it’s where you live, the buying or selling decision often is as much of an emotional investment as a financial one.
A professional Realtor can help you at every step along the way.
Why hire a Realtor?
HERE'S A LOOK AT WHAT A REALTOR CAN DO FOR YOU!
Whether you're buying or selling a home, choosing to work with a Realtor is one of the smartest things you can do. Realtors are always looking out for YOUR best interests. And who doesn't want that?
Stealing the spotlight in 2022 for home buyers is a safe place to call home and adequate space. The trends today, and in the near future, are homes that provide better design and function.
1. Hight Speed Internet and Broadband - If a home doesn't have a good digital infrastructure, work from home buyers may not be interested.
2.Quality, Quality, Quality - Aside from location, location, location, Buyers are looking for quality building materials, systems and appliances.
3. In-Home Theaters, Yoga Studio or Sophisticated Lounge - These are areas of the home people welcome in 2022 to unwind and/or stay fit in the home.
4.Purple is the New Gray (or Black) - This can be a neutral color in the home and can easily be paired with earthy color