Hello everybody! Welcome back to Suburban Snacks, where we not only inform you of current Real Estate topics but also review a different food item every month! This month’s snack is…! Before we review the snack, we’ll be informing you of the 2022 third-quarter housing trends! The third quarter of the year has brought a few surprises to the housing market so far. Including a slight dip in mortgage rates and signs of falling home sales. But the near-term future looks relatively predictable to many experts, who foresee slightly lower or stabilized mortgage rates, relatively high home prices, and lingering supply issues despite an uptick in inventory. Traditionally, the summer months that comprise most of Q3 are characterized by slower home buying activity than Q2, when the spring brings out more prospective buyers. That logic went out the window during 2020 when the pandemic upended seasonal trends. But it appears we can anticipate a third-quarter return to seasonal form in 2022, according to Selma Hepp, with CoreLogic. Existing-home sales have declined for five straight months, according to the most recent data from the National Association of Realtors (NAR) — but the market traditionally picks back up again during the back-to-school season. Skyrocketing price tags for homes show signs of slowing down as well — but not nearly as much as buyers would like. Prices remain high, as of right now, the average listing price in Sahuarita sits at $433,262, take note that does include new construction. With affordability kicking many buyers out of this housing market the 2022 3rd quarter may be slower than usual. So, if you are someone that is looking to sell or invest in a home in the 3rd quarter then we at Suburban would love to help! Do you like…? Let us know in the comments below. That’s going to do it for us here at Suburban Snacks. If you have any questions or would like to get into contact with us feel free to check out our website at suburbanrealestategroup.com. Also, make sure to click the link below to follow us on Facebook. Thanks for watching, my name is Cheri Malozsak and we will see you in the next one!
Suburban Real Estate Group2023-01-30T08:58:34-07:00September 2, 2022|Suburban Snacks|
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Suburban Real Estate Group
Our team of experienced agents have facilitated the transfer of nearly $80 Million worth of Real Estate and currently manage over $30 Million worth of rental properties. By using the latest technology available in the industry, combined with their family values, buyers, sellers, and property owners can rest assured that their best interest is Suburban’s number one priority.
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