Happy New Year!
As we start out 2022, it is easy to be full of ideas and lists of what the coming year will hold. Our business is full of busy and less busy seasons — frantic months in which every client we have is full steam ahead — as well as months of anticipation as we prepare for new listings and show buyers properties.
We believe you have to LOVE the process of real estate to be successful at it long-term: showing properties, writing up offers, ordering up For Sale signs, talking to other real estate agents on the phone, signing listing contracts, and all the day-to-day to-do’s.
We love this quote from James Clear, the author of Atomic Habits, because as REALTORS we have fallen in love with our craft. We get excited every day because we help home buyers get into the house that becomes home, and we help home sellers with a big decision.
― James Clear,
- The California median home price is forecast to rise to $834,400, constituting a 5.2 percent increase from 2021
- Mortgage interest rates for a 30 year fixed rate mortgage are predicted to rise to 3.5 percent
- Structural challenges will persist as available supply is low and demand is high
- Total number of single family home resales is predicted to go down 5.2 percent to 416,800 units