Real estate agents expect ‘insane’ market boom to continue in ’22 | Ezine Daddy

If you’re buying a house, you better act fast. The housing market boom in 2021 is expected to continue into 2022. “It’s a seller’s market,” says Carole Atkison, a broker at Berkshire Hathaway C. Dan Joyner Realtors. said. “We don’t expect it to be the same level of madness as it was, but honestly I’ve seen that the last few months, which are usually slower, have been faster than, say, the fall has been.” Alone in the “In the first two weeks of the new year, several upstate real estate agents are saying housing inventory is tight,” said Dan Joyner Realtors. “Agents say it’s still a seller’s market, much like 2021. Marcum says their inventory is down compared to Last year, when inventories were already low, they’re down about 26%.”It’s a fantastic time to sell,” said Brad Liles. “It’s a fantastic time to cash out.”Liles works in the Greenville and Spartanburg areas He said the average home price in Greenville is about $325,000 and in Spartanburg is about $260,000, both of which he believes are still below the average national home price It’s lying. “I’ve got more buyers going into the year this year than I can ever remember, and I don’t have any deals I can never remember,” Marcum said. Agents say many local buyers are stepping up, looking for more space, more outdoor entertainment areas, and pools. “Simpsonville and the Five Forks area is one of the fastest growing places in the state,” Atkison said. “All of Greenville is in high demand.” Greenville continues to rank high on a number of lists of popular places to move and live, and those coming from overseas often do virtual home tours and buy homes without actually seeing it in person. “The people who bought my house bought it unseen,” Atkison said. “Their agent showed it to them on FaceTime.” Marcum also said that it’s an “inflated price market” right now, which is causing people to offer cash, offer well above list price, or forgo a review. Buyers will ask, ‘What does it take for me to get this house?'” Marcum said. “It comes down to how badly you want it and how much you’re willing to spend.” Realtors are also warning buyers that interest rates will rise soon They say many buyers are trying to get into houses with fixed rates Rates before they go up “For most of 2021 we’ve been around 3.0 rates, maybe even below 3.0″ ” said Liles. “Right now I think we’re trending around 3.5/3.75.” Despite high demand, agents are encouraging buyers not to wait for prices to drop to buy a home. “Construction prices are going up, inventories are going down,” Atkison said. “We don’t expect it to Sometime soon, it’ll slow down.” According to Marcum, the upstate market is generally stable, with prices increasing about 3% to 5% year over year. However, she says they have seen a 15% increase over the past year. Agents don’t expect a market crash but say it could change over time.

If you’re buying a house, you better act fast.

The housing market boom in 2021 is expected to continue into 2022.

“It’s a seller’s market,” said Carole Atkison, a real estate agent at Berkshire Hathaway C. Dan Joyner Realtors. “We don’t expect it to be as insane as it has been, but honestly I’ve seen the last two months, which are usually slower, have been faster than, say, autumn.”

For just the first two weeks of the new year, several Upstate realtors are saying housing stocks are running low.

“It really is chaos, for lack of a better word,” said Margaret Marcum, a broker at Berkshire Hathaway C. Dan Joyner Realtors.

Agents say it’s still a seller’s market, much like 2021.

According to Marcum, inventories are down about 26% compared to last year, when inventories were already low.

“It’s a fantastic time to sell,” said Brad Liles. “It’s a fantastic time to cash out.”

Liles works in the Greenville and Spartanburg areas. He said the average home price in Greenville is about $325,000 and in Spartanburg is about $260,000, both of which he says are still below the average national home price.

“I’ve got more buyers going into the year this year than I can ever remember, and I don’t have any deals that I can’t remember,” Marcum said.

Agents say many local buyers are stepping up, looking for more space, more outdoor entertaining areas, and pools.

“Simpsonville and the Five Forks area is one of the fastest growing places in the state,” said Atkison. “All of Greenville is in high demand.”

Greenville continues to rank high on a number of lists of popular places to move and live.

“In 2021, we saw that 63% of the state’s buyers moved here,” Liles said.

Atkison said many overseas buyers often do virtual home tours and buy homes without even seeing it in person.

“The people who bought my house bought it unseen,” Atkison said. “Their agent showed them on FaceTime.”

Marcum also said that it is currently an “inflated asking market” that is leading people to make cash offers, offer offers well above list price, or forgo a valuation.

“Buyers will ask, ‘What does it take for me to get this house?'” Marcum said. “It comes down to how badly you want it and how much you’re willing to spend on it.”

Agents are also warning buyers that interest rates will rise soon. They say many buyers are trying to get into fixed-rate homes before they go up.

“For most of 2021, we’ve been around 3.0, maybe even below 3.0,” Liles said. “Right now I think we’re trending around 3.5/3.75.”

Despite the high demand, realtors are encouraging buyers not to wait for falling prices to buy a home.

“Construction prices are going up, inventories are going down,” Atkison said. “We don’t expect it to slow down anytime soon.”

According to Marcum, the upstate market is generally stable, with prices increasing about 3% to 5% year over year. However, she says they have seen a 15% increase over the past year.

Agents don’t expect a market crash but say it could change over time.

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