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April 4, 2022

Housing prices are expected to rise by over 10 percent this year, according to projections published by Reuters. This trend, driven by scarcity of property for sale and higher-than-expected-demand, has also been driven by low interest rates, though these are expected to rise. While this is only a projection, and may be affected by outside circumstances such as the Covid-19 pandemic and global instability, the current seller’s market is expected to continue through 2024.

You can read the article in full here, and as always feel free to give us a call if you have questions about buying or selling residential real estate.