Posts from September 2nd, 2022
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Late Summer/Early Fall 2022 Real Estate Market Watch by Andy Smith, CCIM
Late Summer/Early Fall 2022 Real Estate Market Watch
By Andy Smith, Broker/Owner
Real estate is always a topic on the news, as there are so many questions buyers and sellers have in the marketplace. The most common question our agents are asked - "How's the Market?". It is not always a one word, simple answer to this question - there are many facets of the current real estate market. Overall though, we confidently can say, the real estate market is strong.
While many would agree we are in a hybrid form of a recession both nationally and in the global markets, the housing market remains strong as does the job market. As you are aware, interest rates have gone up, but we expect them to cap out by the end of the year at 5.5 to 6%. Home appreciation has continued to rise, although at a much more sustai...