January 07, 2022
Welcome to 2022!
What’s even more exciting than a brand new year? A hot new referral rewards program! Call up your real estate friends and share The Blueprint to earn a social media shoutout, one-on-one Zoom call with us, and more! Read to the bottom for the full details and your exclusive referral link…
- James and David
We can already tell this year is going to be exciting! So we thought we'd get a little bold with five major market predictions for 2022:
Again, these are predictions. We don’t recommend taking them to Vegas, but if they do come true, you can bet we’ll remind you that you heard it here first 😉
Respond to this email and let us know your predictions for the new year!
The National Association of Realtors just released their Hidden Gems report listing the top undervalued markets poised to explode in 2022. To compile this list, they rank the value of metros based on seven factors, including local wage and job growth, home prices, population age, and internet access. Each metro is given a score. The top 5 scoring metros with a population of 200,000+ are… *drumroll*
If your buyer is looking for an investment in an established market, they’ve got to find a unique home or special feature that will help their property stand out. But in these smaller markets, it’s much easier to create value. If they’re looking for a rental, it doesn’t matter if the local market is over or undervalued. Rental properties create their own profit and are very in-demand.
Inflation gets a bad wrap, but not all market players are mad about it. For sellers and long-term investors, inflation is consistently pushing up property values. Those with locked-in interest rates benefit the most because the value of their assets rise while their monthly payment stays the same. When they’re ready to cash in, sellers can list high and actually stand a chance at getting their desired price.
However, buyers and short-term investors should beware of persistently high inflation. If they plan to resell the property quickly, they run the risk of losing to price stagnation. While the market isn’t expected to decline this year, prices will likely level off soon. That makes it hard for quick-flippers to cover their purchase price and expenses in the short-term.
Real estate is a great bite-and-hold asset because it rises alongside inflation. If your clients are nervous about buying while inflation is high, remind them that rates will be going up very soon. The Federal Reserve will start corrective action and the chance of locking in significant savings is fading quickly.
The news that just missed the cut
Advice from James and David to win the day
In today’s ultra-competitive market, closing on a property often takes more than a “spray and pray” offer approach. Homes are selling in under two weeks, bidding wars are still the norm, and cash will always be king. So how can you give your buyers the best possible chance of winning the bid on the home of their dreams?
Keep the latest industry data in your back pocket with today’s mortgage rates:
Obligatory legal jargon: Our referral reward program is subject to change. Since The Blueprint community is growing, certain rewards won’t last forever. 1 subscribe = 1 referral. Don't hesitate to respond to this email if you have any questions about one of the referrals.
Thanks for spreading the word!
- James and David
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