REAL ESTATE in the NEWS
Last Year's Housing Market Was a Wild Ride...
Here's What to Expect in 2022
In the spring of 2020, many The US housing market has had a white hot year. Home sales are on track to reach the highest level in 15 years, with an estimated 6 million homes sold in 2021.
But whether you benefited from this surge depended a lot on if you were selling a home or buying one.
Homeowners saw average home prices skyrocket nearly 20% through the third quarter compared to a year ago, according to the Federal Housing Finance Agency. It was the largest annual home price increase in the history of the agency's House Price Index. And, in some hot markets, the price increase was double that.
Without a doubt, the housing market was on a wild ride in 2021, and here's what to expect this year.
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The Best Places to Make Real Estate Investments in 2022
Not all areas of the U.S. are headed in the same direction when it comes to homebuying. While home prices are cooling down in New York and Hawaii, they’re heating up in Maine and Massachusetts. If you’re looking to make a real estate investment this year, there are a few markets that are worth taking a closer look at because of their anticipated price increases.
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