Skip To Content

February 2022 Monthly Market Update

We Have A Crisis, A Circumstance Requiring An Immediate Shift In Strategy

Interest Rates

There’s a couple key trends that we’re seeing right now for the last two, three decades. We’ve seen interest rates, trend downward. They’re now starting to trend back upwards. So that puts more pressure on buyers because the affordability of purchasing houses actually decline when interest rates go up. So pay attention to interest rates, especially if you’re looking to buy a house, you may wanna talk to your loan officer about locking in a rate.

Inventory

The other challenge we’re facing right now is inventory in the Baltimore Metro area is at an all time low. So that’s good news for sellers if they don’t have to buy a house.

So if you’re thinking about buying a house now is the time to reevaluate the situation. Sometimes by working with an experienced agent, you can find properties that are not on the MLS. What we call off market properties. Many agents have properties that they know are coming on the market, and sometimes we can negotiate a deal with one of those agents to get you into your newest house while simultaneously getting your house sold for top dollar.

Strategy

You want to talk to an agent that understands the markets, understands the trends in the market and choosing the right agent will help you put together a great strategy to accomplish your real estate needs. So if you’re thinking about buying or selling a house, please reach out to one of our agents!

If you have any questions about the monthly market update or just the market in general reach out to us anytime by phone or email.

John Newman

Founder & CEO of The Newman Group

Trackback from your site.

Leave a Reply

*
*