MARCH 2022 VOL. 2022.06

SPRING 2022 HOME BUYING PREVIEW

The 2022 real estate market is shaping up to be something closer to normal.

As we approach the busy spring home buying season, home buyers are still likely to face an uphill battle, but it shouldn’t feel anything like 2021.

Home values skyrocketed by nearly 20% at many points in 2021. While housing prices aren’t expected to drop in 2022, the increasing rate of prices should slow down. Many experts believe home values will increase at roughly half the rate (single-digit increases) we saw during the peak of 2021.

Buyers may still face bidding wars, but they aren’t likely to be as intense or as frequent.

Main Takeaways for Buyers

Low housing inventory and high demand will create a strong seller’s market, but not as intense as the peak of 2021.
Home prices are expected to continue rising, but at a slower pace than last year.
To avoid house buying FOMO (fear of missing out) and panic buying, know what you can afford and stick to a realistic budget.

Main Takeaways for Sellers

It will still be a strong seller’s market, but compared to 2021, there will be a smaller likelihood of a bidding war driving up your sale price.
Get ahead of preparing to sell your home. Repairs and upgrades are taking longer to schedule and complete due to shortages of supplies and labor.
All real estate is local. Some markets, or sub-markets, may be stronger or weaker than others.
Work with a local real estate professional that knows your targeting market.

Full article: https://time.com/nextadvisor/mortgages/mortgage-news/sping-2022-housing-market-predictions/

MARKET STATS

VIEW FULL MARKET STATS

South Central Kansas Home Sales Fell in January
Total home sales in South Central Kansas fell last month to 696 units, compared to 782 units in January 2021. Total sales volume was $153.6 million, down from a year earlier.
The median sale price in January was $182,000, up from $175,000 a year earlier. Homes that sold in January were typically on the market for 6 days and sold for 100.0% of their list prices.

OPEN HOUSE SUNDAY

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TCG FAVORITE RECIPES

It is Spring Break! Looking for fun and creative snacks and ways for the kids to help! Check out this fun idea!

BANANA SUSHI

Cut bananas as shown in photo. Roll in the following ingredients.

Pistachio, Chia and Popped Quinoa Chocolate Peanut Butter Banana Sushi
Peanut and Bacon Chocolate Peanut Butter Banana Sushi
Coconut Granola Chocolate Peanut Butter Banana Sushi
Avocado Chocolate Peanut Butter Banana Sushi
Tortilla Rolled Chocolate Peanut Butter Banana Sushi

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