I cannot think of a worse time regarding buying a new house or buying a new construction home. In my opinion, homebuyers placing security deposits down on dirt lots where the house isn’t going to be completed for months is very risky given specific trends in our housing market.
Meanwhile, mortgage rates are now at their highest levels since April 2020. In today’s housing market update, I share the latest housing market reports with you so you can make your own housing market predictions for 2022, especially for those interested in new homes. I also share an update per Redfin.
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My Bold Housing Market Predictions for 2022:
Compilation of Housing Market Forecast videos:
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To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr fixed rate mortgage is 3.70% for the current mortgage rates (at the time of filming this video). This is mixed news if you’re a homebuyer right now or if you’re a homeowner looking to refinance.
Comment below: what’s your housing market forecast? Do you think a housing crash will happen or are your housing market predictions that the real estate market and home prices will continue to surge?
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Jason Walter, CPA (lic 103885)
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Is now a good time to buy real estate