Home prices are expected to rise by an average of 9% this year
Don’t let the media fool you, home sales are projected to remain strong this year as more buyers come into the market.
Here’s what we know:
Demand for housing continues to remain solid with many prospective home buyers looking to lock in a mortgage rate before they increase further.
Home sales were strong in 2021, The highest level of sales in 15 years.
With increasing mortgage rates, home appreciation will moderate in 2022, an average of 9%.
𝘽𝙪𝙮𝙚𝙧𝙨: keep in mind that with 9% appreciation that a $300k house you’re looking at now, could cost you $330k+ by the end of the year.
Our goal is to keep you as up to date with real-time information that will help you make the best decision moving forward.
We’d love the chance to guide you through the home buying or selling process and will always adapt and adjust accordingly to the changing market in Central Iowa.