Market Minute for January 31st by CAR.org. After a turbulent start to the year, California’s economy and housing market got a bit of a respite from the volatility. Rates held steady after big increases, the pandemic is finally showing signs of improvement, and the labor markets continue to give reason for cautious optimism.
What to give as a Housewarming Gift? Moving into a new home is always an exciting time and generally is a cause to celebrate. However, sometimes housewarming gift ideas are hard to come by, especially if you want it special and from the heart.
2022 Real Estate Market in the Desert. I recently read an article in the Desert Sun on the Coachella Valley real estate outlook for 2022. Of course, we all know how crazy 2021 was for real estate in the Desert with minimal inventory, increasing home prices, multiple offers, and contingencies waived; will it spill over into 2022?
La Quinta’s Real Estate Outlook for 2022 – The real estate market during 2020 and 2021 has been record-breaking, and if you have tried purchasing a home in the Desert during this time, it could be described as frustrating! Many buyers have missed out by being outbid or too many offers on one property.
area who has a home listed in this frenzied market, buyers are eager to get their offers accepted and may submit a cash offer
Second-homes are In Demand in 2022 and it’s not only retirees or snowbirds who are purchasing Second/Vacation homes; employees who work remotely are buying them also.
Home buyers may have felt more determined in November to purchase before 2021 comes to an end and mortgage rates and borrowing costs increase, as largely is forecasted to happen.
As the year draws to a close, there are encouraging signs that suggest the housing market will remain solid in the upcoming year. Rising homeowner equity, higher demand for second homes, and the improvement in investor sentiment are all good news that point to a promising 2022. Low mortgage rates expected for the year ahead should also help increase homeownership opportunities for buyers of all ethnic background. There are potential headwinds, nevertheless. Inflation will remain a concern in 2022 as long as supply constraints continue to be an issue, and the impact of Omicron to the economy is still an uncertainty.