March 2022 Real Estate News
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WHAT IS YOUR HOME WORTH? CHECK IT OUT!
This month’s March 2022 Real Estate News teaches about how a Comparative Market Analysis (CMA) helps to find your home value, decor tips for your living room and strategies for competing in a hot market. Also, information on the mortgage rates to expect in 2022 and a look back at the housing market in 2021. All of this and more in the March 2022 Real Estate News.
Mortgage Rates Are on the Rise: Here Is What to Expect in 2022
Mortgage rates are up and expected to keep climbing; this might lead to moderation in demand from homebuyers and a slight slowdown of home price growth. Despite this, economists with Freddie Mac believe the single-family housing market should remain stable throughout the year.
According to Freddie Mac Chief Economist Sam Khater, “The combination of a large number of entry-level homebuyers facing a shortage of entry-level inventory of homes for sale should keep the housing market competitive.” Home sales are expected to reach 6.9 million by the end of the year and climb to 7 million in 2023.
March 2022 Real Estate News
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Marina Jacobson
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