Real estate agents reveal buying and selling tips for a competitive real estate market

Live from San Diego National Media Tour at REALTORS® 2021 Conference and Exhibition

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Live from San Diego National Media Tour at REALTORS® 2021 Conference and Exhibition

Walk down any street in America for the past couple of years and one thing is obvious: The real estate market is booming. It is hot ? Almost 9 in 10 (86%) homes sold in September 2021 had been on the market for less than a month.

Existing home sales jumped 7% in September, with each of the four major regions in the United States posting monthly sales increases. The median selling price of existing homes is up 13.3% from a year ago.

So what is the real estate outlook for 2022? The National Association of REALTORS® is stepping in.

“All markets are enjoying strong conditions and home sales are the best they have been in 15 years,” said Dr Lawrence Yun, chief economist of NAR. “The success of the housing industry will continue, but I don’t expect next year’s performance to outperform this year.

Additionally, Yun predicts that mortgage rates will rise 3.7% over the next several months, a rise attributed to persistently high inflation. Home prices increased an average of 12% in 2020 and 2021, while inflation increased by 3%.

While NAR has a good idea of ​​what to expect nationwide, no one knows your neighborhood better than a REAL ESTATE AGENT who lives and works in your community. They browse volumes of complex and data-rich information about local markets To help consumers navigate the most complex and important transaction of their lives. In fact, while most home buyers start their home search online, 9 out of 10 still choose the assistance of a trusted real estate agent to guide them through this infrequent and complicated transaction.

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