The housing market took off in 2020 and 2021, with homes selling at record numbers, boasting a nearly 20% increase. Although it was definitely a seller’s market, there were benefits for buyers also, with mortgage rates near historic lows. Some homeowners took advantage of 30-year rates near 3% and some 15-year rates near 2%.
Those low rates, unfortunately, are predicted to rise. The National Association of Realtors (NAR) forecasts that the 30-year fixed mortgage rate will increase to 3.5% by the end of 2022 as the Fed raises interest rates to control inflation. Realtor.com anticipates the average mortgage rate of 3.3% throughout the year, hitting 3.6% by the end of the year. This will affect, for example, the 45 million Millennials who will be prime first-time home buyers. Realtor.com is also anticipating home sales to increase another 6.6% and home prices to rise another 2.9%.
With the upcoming changes to the housing market next year, it’s even more important to have a realtor on your side you can trust and who understands the LOCAL market.
The Cove Realty team KNOWS and UNDERSTANDS the Kenosha area. That makes them the best choice when buying or selling homes in the area. Each Cove Realtor lives and works in the area and takes great pride in knowing their market, from local trends to schools and more.
Whether you are new to the area or a long-time resident, our team will be able to help you find the perfect home in the ideal neighborhood for your family and lifestyle. In addition, you’ll be able to take advantage of our local knowledge to help your home get in front of the best potential buyers!
Potential buyers can rest assured that their Cove Realtor can help them find their dream home in the neighborhood that fits their needs.
From price negotiations to home inspections and more, an experienced Realtor is priceless when it comes to buying or selling a home.Buying or selling a property can be complicated and time-consuming. Having an experienced Realtor can help you avoid any possible pitfalls throughout the process. Lucky for you, Cove Realty ranks consistently in the top of over 1,100 realtors in the Kenosha area.
Cove Realty’s YEARS of experience can help you:
But, don’t just take our word for it:
🏠 “Excellent realtor, very knowledgeable, easy to work with. Helped us get our house ready to sell, then worked hard on it until closing.” — Stacey S.
🏠 “We had an excellent experience with Cove Realty. The entire Cove team was highly professional from beginning to end in the sale of our home. They were responsive to our needs and kept us well informed throughout the selling process. Every detail was thoroughly addressed from the time we listed through our closing.” — Ruthann Alfredson
🏠 “Mike sold my house in less than 48 hours (we hadn’t even put up a sign yet!) at a great price. Very thorough in the explanation of the whole process. Had some challenges with the seller of my new home, but everyone at Cove went the extra mile to make sure it was taken care of, and I am very happy with my new place.” — Stacey Emanuel
🏠 “Char had to show us over 20 houses and go through multiple offers and counters before we found our house. She was so awesome and accommodating. She was great with our little ones and our crazy schedules. I don’t know when we’ll be looking again, but Char will always be our realtor!” — Wayne and Shari Howe.
Contact Kenosha’s Hometown Realtors today at 262-308-3663 or firstname.lastname@example.org to start looking for your new home in 2022!