HOMEWARD BOUND NEWSLETTER APRIL 2022: THE GIVING IT BACK AND PAYING IT FORWARD REAL ESTATE NEWSLETTER | APRIL 2022
Welcome to the month of April. By the time you are reading this, you will be deep into it. That means I can’t play any April Fool jokes on you. Never been a fan of those anyway. Another BIG deal in April is TAX day! Yep! Deadlines for filing those personal income tax returns. I don’t think most people mind paying taxes as long as they are being put to good use. I think it’s the waste that bothers most us citizens. Both days I mention above are for sure conversation starters, one full of funny stories, the other maybe not so much, but there are few days more memorable than the day you buy your dream home. That day is supposed to be fun, exciting and great feeling of accomplishment.
HOMEWARD BOUND NEWSLETTER APRIL 2022: What You Can Expect from the Spring Housing Market
As the spring housing market kicks off, you likely want to know what you can expect this season when it comes to buying or selling a house. While there are m ultiple factors causing some uncertainty, including the conflict overseas, rising inflation, and the first rate increase from the Federal Reserve in over three years — the housing market seems to be relatively immune
Here’s a look at what experts say you can expect this spring.
1. Mortgage Rates Will Climb
Freddie Mac reports the 30-year fixed mortgage rate has increased by more than a full point in the past six months. And despite some mild fluctuation in recent weeks,experts believe rates will continue to edge up over the next 90 days. As Freddie Mac says:
“The Federal Reserve raising short-term rates and signaling further increases means mortgage rates should continue to rise over the course of the year.”
2. Housing Inventory Will Increase
There may be some relief coming for buyers searching for a home to purchase. Realtor.com recently reported that the number of newly listed homes has grown for each of the last two months. Also, the National Association of Realtors (NAR) just announced the months’ supply of inventory increased for the first time in eight months.
The inventory of existing homes usually grows every spring, and it seems, based on recent activity, the next 90 days could bring more listings to the market.If you’re a buyer who has been frustrated with the limited supply of homes available for sale, it looks like you could find some relief this spring. However, be prepared to act quickly if you find the right home.If you’re a seller, listing now instead of waiting for this additional competition to hit the market makes sense. Your leverage in any negotiation during the sale will be impacted as additional homes come to market.
3. Home Prices Will Rise
Prices are always determined by supply and demand. Though the number of homes entering the market is increasing, buyer demand remains very strong. As realtor.com explains in their most recent Housing Report:
What does that mean for you? With the demand for housing still outpacing supply, home prices will continue to appreciate. Many experts believe the level of appreciation will decelerate from the high double-digit levels we’ve seen over the last two years. That means prices will continue to climb, just at a more moderate pace. Most experts are predicting home prices will not depreciate.
Won’t Increasing Mortgage Rates Cause Home Prices To Fall? While some people may believe a 1% increase in mortgage rates will impact demand so dramatically that home prices will have to fall, experts say otherwise.
There are three things that seem certain going into the spring housing market:
- Mortgage rates will continue to rise
- The selection of homes available for sale will modestly improve
- Home prices will continue to appreciate, just at a slightly slower pace
If you’re thinking of buying, act now before mortgage rates and home prices increase further. If you’re thinking of selling, your best bet may be to sell soon so you can beat the increase in competition that’s about to come to market.
Canine Castaways: Changing the World One Dog at a Time Since 2003!
Canine Castaways is a foster home based, all volunteer, 501(c)3 dog rescue focusing primarily on small breed dogs. Founded 11/2003
HOMEWARD BOUND NEWSLETTER APRIL 2022: ADOPT, DON’T SHOP!
When you purchase a pet, you are supporting an industry that is only looking to make money with no regard for the consequences to the animals. Most animals in pet stores began their life in a puppy mill, backyard breeder or other similar situation. These animals often have both medical and beh
“Changing the world one at risk dog at a time while reducing the need for euthanasia at shelters throughout our area!”
HOMEWARD BOUND NEWSLETTER APRIL 2022: Rotary International leads the way in restoring lives one person and one community at a time.
Whether it’s providing Food for the struggling and hungry through its many food pantries, or providing temporary housing for the displaced or the abused or the homeless, to the jobs programs for struggling neighbors trying to get back on their feet, to the Clothing, the Summer Lunch Programs, the Toy Shop and their Market Place for poverty-stricken neighbors, Must leads the way in restoring lives one person and one community at a time.
SO, YOUR REFERRALS REALLY DO HELP YOUR NEIGHBORS WHO NEED HELP THE MOST!
Who do you know considering buying or selling a home you could refer to our real estate sales team? Not only will they benefit from our award-winning real estate service, a very worthy cause will benefit as well. To refer anyone considering buying or selling a home contact agent or pass agents contact info on to them! Thank you in advance for your referrals! The best number to reach me at is (239) 357-8787.
Over the decades of helping thousands and thousands of families sell or buy the place they call home, we have met so many wonderful, loving, caring people. We are so grateful. Thank you for reading over this months Homeward Bound, and thank you for referring anyone you know considering buying or selling to my team. They will be in good hands and a very worthy cause will benefit as well.
Who do you know considering buying or selling a home you could refer to our real estate sales team?
Not only will they benefit from our award-winning real estate service, a very worthy cause will benefit as well.
REFER YOUR FRIENDS, NEIGHBORS, ASSOCIATES OR FAMILY MEMBRS CONSIDERING MAKING A MOVE:
You can pass along our business card to them. I have enclosed a couple here for that purpose.
You can go to WWW.YourHomeSoldGuaranteedRealty-VasbinderInternational.com/referrals_help/ and enter their contact info online or forward the link to someone you know considering a move.
Of course you can always call me direct as well at (239) 357-8787.