The question I most often hear: “2021 was such an extraordinary year with record high home price increases, near record low interest rates, what will happen in 2022?” I expect the first half of 2022 to look very similar to 2021 in many ways. There will continue to be near record low inventory of homes. Interest rates will begin to rise slowly, but will stay under 4%, still a great rate! For best results sellers should ask for a reliable update on market value before going on the market. Any Realtor that promises to pay you top dollar while you do nothing is not giving you the entire story. Good preparation will always bring the highest return; we’re anxious to help you achieve the best Results.
How can I find a Home in this market? It’s more important than ever to have a strong relationship with your Realtor. Using online sites such as Zillow.com will often be unreliable in this market. Many homes are made available to agents within a company before they go active on the MLS. With over 1300 Realtors with RE/MAX Results, we have the strongest network in the state of Minnesota. How to achieve a successful purchase in 2022 takes experience and good strategy.
No matter what your plans are for the new year, we can help you achieve your goals!
Bob Day and Todd Ginsberg, RE/MAX Results