Housing Market News April 26, 2022

April 2022 Housing Market Update

Geoff Green is President of Green Team Realty and Co-founder and CEO of NuOp. In addition, he is the moderator of the monthly Housing Market Updates. With so many changes in the market, Geoff began the April 2022 Housing Market Update with information on rising mortgage rates.

If you haven’t yet seen the April 2022 Housing Market Update or would like to watch it again, it’s available below.

Geoff provided some historical perspectives on rising rates and their impact. With statistics going back to 1993, it appears that prices will continue to climb even as rates are climbing.

Spring Market

Buyer traffic is very strong. Inventory continues to be very low. However, there has been a slight bump in active listings for the first time in 6 months. According to Lance Lambert, Editorial Director, Fortune,

“…some experts say that 2022 spring housing market might go down as one of the most competitive on record.”

Home Sale Price 

The year-over-year stats show that sales prices are not going backward.

Average Home Sales Price HMU 2022

Meet our Panel

Vikki Garby, of Green Team New York Realty and Michael Giannetto of CrossCountry Mortgage, joined Geoff for their take on the market. To watch the panel discussion, click here.

Thanks to our Sponsor

NuOp is the Business Opportunity Exchange. View a live feed of Real Estate and Mortgage Referrals on NuOp.com

Sign up for Housing Market Updates

Join us for our next Housing Market Update on May 15, 2022. To stay informed and sign up for our housing market updates, click here.