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5 predictions for the 2022 housing market

Housing Wire

2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years. In addition, more for-sale inventory will likely be available on the market.

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6 Simple Graphs Proving This Is Nothing Like Last Time

Keeping Current Matters

Home sales and prices were both up substantially over the year before. As the next graph shows, there were too many homes for sale in 2007, and that caused prices to tumble. 2020 was so strong that many now fear the market’s exuberance mirrors that of the last housing boom and, as a result, we’re now headed for another crash.

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Existing home sales fell in June while monthly median sales price spiked

Housing Wire

“Home sales fell but home prices have held firm in most parts of the country,” NAR’s Yun added. Although all four regions experienced year-over-year sales declines, the Northeast fared better while the Midwest held steady, and the South and West posted decreases. In the South, existing home sales disappointed as they faded 5.4%

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Vickie Pizzarelli joins Engel & Völkers as a Real Estate Advisor

Realty Biz

Engel & Völkers of East Greenwich announced today that Vickie Pizzarelli has joined its brokerage as a real estate advisor, where she specializes in new construction, residential sales, foreclosures, and short sales. Vickie joins Engel & Völkers from eXp Realty. Vickie holds a DiSC Trainer certification.

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Is the Housing Market in a Bubble? How the Indicators Today Compare With the Great Recession

Realtor.com

This time around, there isn’t a glut of available housing, the subprime loans that got so many homebuyers in trouble in the mid-2000s have largely been eliminated, and millions of Americans aren’t likely to lose their homes to short sales and foreclosures. ® Chief Economist Danielle Hale.

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5 ways to find your real estate niche

Real Trends

From new construction to commercial properties, there are many different focus areas to consider. And some, such as short sales and REOs, vacation rentals and fixer-uppers, are hotter in some markets than others. Being a real estate agent takes a lot of time and effort, but you can make a great living if you do it right.

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Real Estate Pending Vs. Contingent: MLS Lingo Explained for Sellers

HomeLight

That’s why it’s important for your real estate agent to keep your property’s status up to date, both in the multiple listing service (MLS) that agents cooperatively use, as well as in online marketplaces, which pull data from the MLS. Step one: Talk to an expert! Selling your house soon? Learn More Contingent or pending, you’re under contract!

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