Published December 13, 2021
If You Think the Housing Market Will Slow This Winter, Think Again.
From the opportunity to take advantage of today’s low mortgage rates to
changing homeowner needs,
Americans have more motivation than
ever to buy a home. According to the experts, buyers are making moves right
now, creating an unseasonably strong housing market for this time of year.
As we wrap up the fall season and move into the
winter months, here’s a look at what several industry leaders have to say about
the continued momentum in the current market, and what it means as we head into
the early part of next year.
Lawrence Yun, Chief Economist, National Association of Realtors (NAR)
“This solid buying is
a testament to demand still being relatively high,
as it is occurring during a time when inventory is still markedly low. The
notable gain in October assures that total existing-home sales in 2021 will
exceed 6 million, which will shape up to be the
best performance in 15 years.”
Odeta
Kushi, Deputy Chief Economist, First
American
“So far in November, purchase
applications point to another strong month in sales.
Still low rates and demographic demand support this strength, even as
affordability and inventory headwinds remain.”
The M Report
“The demand for
housing in the United States has reached a fever pitch, a trend that
opposes the norm of this time of the year when
the market cools as the winter months set in.”
Mark Fleming, Chief Economist, First American
“Strong demographic
demand will continue to act as the wind in the housing market’s sails.”
What does this mean for the winter housing market?
Buyers are actively in the market, and they’re
competing for homes to purchase. With the momentum coming out of this fall, all
signs point to the winter housing market picking up steam, making it much
busier than in a more typical year. And as we’ve seen in so many ways, 2020 and
2021 were anything but typical in real estate. It looks like 2022 may be
joining that list before we know it.
Bottom Line
If you think the housing market will slow down this winter, think
again. Whether you’re thinking of buying a home, selling your house, or both –
let’s connect to determine if this winter is your best time to make a move too.
Reach The McLeod GroupNetwork at 971.208.5093 or admin@mgnrealtors.com for ALL your
Real Estate needs!
By: KCM Crew
