REAL ESTATE UPDATES


		Robert Woehrle ... REAL ESTATE UPDATE

REAL ESTATE UPDATES

Here's the latest news and headlines on property investments, housing, mortgages, refinancing, and real estate markets.

March 2022 brought 5.77 million in sales, a median sales price of $375,300, and 2.0 months of inventory. The median sales price is up 15% year-over-year, and inventory was down 0.1 months from March 2021.



Where are mortgage rates headed?		Homes continue to sell fast, limited stock continues

		Hottest March In Housing History Ends With Signs Of A Cooldown
		More buyers were edged out by soaring mortgage rates, sky-high prices and few new listings.

		2022 Second-Quarter Housing Trends \| Bankrate
		The spring homebuying season promises to be competitive, as buyers jockey over a still-limited number of listings.

"The housing market is starting to feel the impact of sharply rising mortgage rates and higher inflation taking a hit on purchasing power. Still, homes are selling rapidly, and home price gains remain in the double-digits."

- Lawrence Yun, NAR's chief economist

Source: Keeping Current Matters


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Robert Woehrle ...

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robert@woehrle2.com