{"id":2946,"date":"2021-10-01T16:11:32","date_gmt":"2021-10-01T16:11:32","guid":{"rendered":"https:\/\/www.coastalcapital.com\/?p=2946"},"modified":"2021-12-17T21:49:22","modified_gmt":"2021-12-17T21:49:22","slug":"should-you-buy-a-home-now-economists-think-prices-will-rise-in-2022","status":"publish","type":"post","link":"https:\/\/www.coastalcapital.com\/should-you-buy-a-home-now-economists-think-prices-will-rise-in-2022\/","title":{"rendered":"Should You Buy A Home Now? Economists Think Prices Will Rise In 2022"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2946\" class=\"elementor elementor-2946\" data-elementor-settings=\"[]\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-35e6349 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"35e6349\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8d461c6\" data-id=\"8d461c6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-aab9890 elementor-widget elementor-widget-text-editor\" data-id=\"aab9890\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">Home prices are expected to rise through 2022 and most agree you should buy a home now.  with interest rates near historic lows \u2014 some 15-year rates are near 2% and some 30-year rates are below 3% \u2014 many prospective home buyers are wondering whether they should buy a home sooner rather than later. Here\u2019s what experts say about home price trends and whether you should buy now.<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-4fbfc28 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4fbfc28\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-07fad12\" data-id=\"07fad12\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-18dba22 elementor-widget elementor-widget-heading\" data-id=\"18dba22\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How Much Are Home Prices Going To Appreciate?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b96e97d elementor-widget elementor-widget-image\" data-id=\"b96e97d\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t<img width=\"720\" height=\"480\" src=\"https:\/\/www.coastalcapital.com\/wp-content\/uploads\/2021\/10\/how-much-increase.jpg\" class=\"attachment-large size-large\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.coastalcapital.com\/wp-content\/uploads\/2021\/10\/how-much-increase.jpg 720w, https:\/\/www.coastalcapital.com\/wp-content\/uploads\/2021\/10\/how-much-increase-300x200.jpg 300w\" sizes=\"(max-width: 720px) 100vw, 720px\" \/>\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d978290 elementor-widget elementor-widget-text-editor\" data-id=\"d978290\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">Of course, no one has a crystal ball that can foresee the future of the real estate market, but a report from the National Association of Realtors revealed home prices will likely climb 5.5% in 2022. Taylor Marr, lead economist at Redfin, says that while the company reported that home sales grew 16% in August, \u201cour economics team\u2019s view is that price growth will slow to about 13% during the last few months of this year, relative to 2020.\u201d And for its part, \u201cZillow economists expect the typical U.S home value to increase 4.7% over the next three months (August-November), and to end August 2022 up 11.7% from August 2021,\u201d according to a report the organization released in September. (Zillow\u2019s home values take into account the prices of all homes, whether they are for sale or not.)<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f0bb211 elementor-blockquote--skin-border elementor-blockquote--button-view-icon-text elementor-blockquote--button-skin-classic elementor-blockquote--button-color-official elementor-widget elementor-widget-blockquote\" data-id=\"f0bb211\" data-element_type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\t\u201cThat\u2019s incredible growth compared to historical norms, but slower than the current pace. Inventory has shown signs it is finally headed up, which would rebalance the market to some extent and start to moderate the home price explosion we\u2019ve seen over the past year or so,\u201d \t\t\t<\/p>\n\t\t\t\t\t\t\t<footer>\n\t\t\t\t\t\t\t\t\t\t\t<cite class=\"elementor-blockquote__author\">Jonathan Lee, senior director of mortgage sales for Zillow Home Loans.<\/cite>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/twitter.com\/intent\/tweet?text=%E2%80%9CThat%E2%80%99s+incredible+growth+compared+to+historical+norms%2C+but+slower+than+the+current+pace.+Inventory+has+shown+signs+it+is+finally+headed+up%2C+which+would+rebalance+the+market+to+some+extent+and+start+to+moderate+the+home+price+explosion+we%E2%80%99ve+seen+over+the+past+year+or+so%2C%E2%80%9D++%E2%80%94+Jonathan+Lee%2C+senior+director+of+mortgage+sales+for+Zillow+Home+Loans.&amp;url=https%3A%2F%2Fwww.coastalcapital.com%2Fwp-json%2Fwp%2Fv2%2Fposts%2F2946\" class=\"elementor-blockquote__tweet-button\" target=\"_blank\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fab fa-twitter\"><\/i>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-blockquote__tweet-label\">Tweet<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/footer>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-f7b6d09 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f7b6d09\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3fa1433\" data-id=\"3fa1433\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1650e2d elementor-widget elementor-widget-heading\" data-id=\"1650e2d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Should You Buy Now, Or Wait?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a808b54 elementor-widget elementor-widget-text-editor\" data-id=\"a808b54\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">Potential buyers should think about their personal situation first when deciding when to buy a home, rather than trying to time the market, some experts say. \u201cYou should buy now if you\u2019re sure you\u2019re ready and you can afford a home. It\u2019s best not to try to time the market. If you wait on the expectation that prices will fall in a year or two, you might be disappointed,\u201d says Holden Lewis, home and mortgage expert at NerdWallet. And buying now could mean you lock in a very low interest rate, as mortgage rates are still near all-time lows.<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cb8f605 elementor-widget elementor-widget-text-editor\" data-id=\"cb8f605\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">Denny Ceizyk, LendingTree\u2019s senior staff writer for mortgage, says the decision of whether to buy now depends on whether you\u2019re financially prepared for homeownership and how long you plan to live in the home you\u2019re buying, because even if home prices dip, they generally recover in the long run. \u201cWhile home prices are rising, interest rates remain at 60-year lows, making it much more affordable to buy higher-priced homes. At some point, inflation pressures could push mortgage rates higher, which argues for buying sooner than later. If your employment was affected by pandemic-related layoffs or furloughs, it also makes sense to pad your cash reserves before you buy so you\u2019ve got extra funds to cover an extended period without a paycheck,\u201d says Ceizyk. <\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7aced59 elementor-widget elementor-widget-text-editor\" data-id=\"7aced59\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\"><p><strong>Here at Coastal Capital we help borrowers throughout California with business purpose loans. For more info or give us a call: (310) 280-9173.<\/strong><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Home prices are expected to rise through 2022 and most agree you should buy a home now. with interest rates near historic lows \u2014 some 15-year rates are near 2% and some 30-year rates are below 3% \u2014 many prospective home buyers are wondering whether they should buy a home sooner rather than later. Here\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2948,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.0.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Should You Buy A Home Now? Economists Think Prices Will Rise In 2022 - Coastal Capital<\/title>\n<link rel=\"canonical\" href=\"https:\/\/www.coastalcapital.com\/should-you-buy-a-home-now-economists-think-prices-will-rise-in-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Should You Buy A Home Now? 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