If your goal is to purchase a home this year, you might be looking for any advantage you can get in today’s sellers’ market. While competition is still fierce for homebuyers, there are ways you can win and secure the home of your dreams, even in a hot market.Act Early and Save
The coldest air of the season is forecast this week for the Greater Boston area. Bursting frozen pipes are one of the most common causes of property damage during frigid weather.
You have set a goal to buy a house in 2022! Good for you! In the infographic, below are some steps you can take now to put you on the path to homeownership in 2022
U.S. Housing Supply to Remain a Major Challenge for Home Buyers in 2022. While housing supply remains low, buyers will continue to compete for homes.
Last year was one for the real estate history books. The pandemic helped usher in a buying frenzy that caused home prices to soar nationwide by a record 19.9%. However, there were signs in the fourth quarter that the red-hot housing market was beginning to simmer down. In the month of October, only 60.3% of sales involved a bidding war—down from a high of 74.5% in April.2
2021 was a fascinating year for the real estate market — particularly in the Greater Boston Area. Over the past 12 months. The Hickman-Coen Home Team tracked all the breaking news in our “Real News You Can Use” newsletters. Check out the stories which most interested our readers in 2021
2022 will be our 6th Year Publishing “Real News You Can Use.”
Thank you for your continued readership!
The FHA has announced new loan limits for 2022. The amounts have increased 18%.
September 2021 marked the first month since May 2020 in which annual home price growth decelerated, with home prices increasing 19.5% year over year, down from 19.8% in August.
Homebuyers today are facing a huge dilemma. There simply aren’t enough homes for sale.1
Nationwide, there were 1.27 million active listings in September, down 13% from the previous year. According to the National Association of Realtors, that’s about 2.4 months of inventory, which is far less than the six months that is generally needed to strike a healthy balance between supply and demand.2
Given the limited number of available properties, if you’re a buyer in today’s market, you may need to expand your search to include both new construction and resale homes. But it can feel a little like comparing apples to oranges.
You may be wondering if now is a good time to buy a home…or if interest rates are projected to rise or fall. The free eGuide below will answer many of your questions and likely bring up a few things you didn’t even know you should consider when buying a home.
