Should I Buy a Home in 2022Posted by Brad Officer on
Should I Buy a Home in 2022?
Are we all missing a major home buying opportunity?
From 2020 - early 2022:
In 2020 through early 2022, rates were low, very low. Everyone knew it!
Buyers knew it was an incredible opportunity to buy a home at record low interest rates. The big benefit to record low rates was lower monthly payments. HOWEVER - most home buyers I've ever known will typically buy the home that matches their desired monthly payment. Not the other way around.... think about that for a moment.
Sellers knew it was an incredible opportunity to sell their homes because MORE buyers could afford their home. Essentially, this created an ideal market for price appreciation, and that is exactly what happened.
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