Posted on
February 10, 2022
by
Brad & Theo
With a crazy 2021 in the books, we turn our attention to what might be ahead this year. Last year’s market seemed propelled by a rush to use locked in low interest rates, buyers housing needs changed by working remotely and record low inventory.
Looking ahead to 2022, we don’t believe home prices are a straight ride to the moon or that supply/demand will never balance and I’m pretty sure the laws or economics and history is on our side. While we always believe that long-term real estate is a fantastic investment, however it has been much more profitable when timed correctly. Our view is the market will balance quicker than most expect, perhaps even by mid-spring. The January Fraser Valley real estate board stats might be an early glimpse of this trend. If you’re planning to sell this year, we suggest not delaying strike while the iron is hot. If you’ve been looking to buy, just hang in there - we could see a lot more inventory shortly. A more balanced market is also easier to do a buy/sell transition so we would be very happy to see that. The market has also behaved very differently depending on geographic area and product type, so don’t hesitate to reach out and discuss your individual circumstances.
Posted on
February 10, 2022
by
Brad & Theo
With a crazy 2021 in the books, we turn our attention to what might be ahead this year. Last year’s market seemed propelled by a rush to use locked in low interest rates, buyers housing needs changed by working remotely and record low inventory.
Looking ahead to 2022, we don’t believe home prices are a straight ride to the moon or that supply/demand will never balance and I’m pretty sure the laws or economics and history is on our side. While we always believe that long-term real estate is a fantastic investment, however it has been much more profitable when timed correctly. Our view is the market will balance quicker than most expect, perhaps even by mid-spring. The January Fraser Valley real estate board stats might be an early glimpse of this trend. If you’re planning to sell this year, we suggest not delaying strike while the iron is hot. If you’ve been looking to buy, just hang in there - we could see a lot more inventory shortly. A more balanced market is also easier to do a buy/sell transition so we would be very happy to see that. The market has also behaved very differently depending on geographic area and product type, so don’t hesitate to reach out and discuss your individual circumstances.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.