There’s no question that 2021 has seen all kinds of activity when it comes to the housing market in Kaua’i, as well as across the country. It’s such an exciting time to buy or sell, and it’ll be interesting to see if that carries into 2022!
According to Forbes Magazine, home prices are expected to rise in the new year. And whether you’re a buyer or seller, that can sit differently depending on your situation.
Nicole Bachaud, an economist at Zillow, says, “We will expect to see prices rising at extremely high levels for the first few months of 2022 before beginning to taper off towards more normal levels.”
Therefore, as we can see, we can anticipate some more subjective real estate patterns this year. So, this begs the question of…
Should you buy now, or wait?
As home prices increase, so do the down payments and the cost of monthly mortgages.
There are almost always unforeseen variables that can alter the course of real estate at any time, so the best strategy is to make sure you can afford the house you buy and still have room to save up for rainy days.
There is never a for sure right time to buy, so as long as you find a home you love while the price is right, make the move. With the right agent and positive energy, you will be in your dream home at the perfect time.
BOTTOM LINE: There truly is never a way to predict the future when it comes to the housing market in the Kaua'i area, whether you’re looking to buy or sell. Though it is always important to look at how the trends are moving at the current time.
If you’re ready to sell your house or are in pursuit of your forever home, especially if this is a 2022 resolution of yours, I’d love nothing more than to make this your year!
To start your life of luxury in 2022, contact me at (808) 652-0530. Mahalo!