Home-price growth may finally ease as mortgage rates rise!

Posted by Nahed Benyamein on Friday, January 28, 2022 at 5:52 AM By Nahed Benyamein / January 28, 2022 Comment

Home-price growth may finally ease as mortgage rates rise!⁣⁣ ☀️

Depending on what news source you are reading, the numbers vary on how much homes appreciated in 2021!⁣⁣
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S&P Corelogic Case-Swiller price index posted 18.3% year-over-year gains in November.⁣⁣
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While the Federal Housing and Finance Agency released its own house price index which indicated that prices rose 17.5% in November. ⁣⁣
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Because the primary factor behind the fast pace of home-price appreciation over the past 24 months was a result of limited home inventory, that isn’t projected to change anytime soon.⁣⁣
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So long as mortgage rates don’t price out too many buyers, demand for the few homes that are on the market will stay strong which as a result will continue to push home prices higher.⁣⁣
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As a seller, this places you in an excellent position to still maximize profits.⁣⁣
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As a buyer, the motivation should be heightened to catch the market before rates hit 4%. ⁣⁣
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What do you think will happen to home prices? Will they boom or bust? Let me know in the comments below!⁣⁣
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