The National Association of Realtors sees signs that the housing market could normalize in the new year.

Even though interest rates are rising, they say rates will still stay historically low — and that comes with perks.

“Interest rates will lock in for the next 30 years and (buyers) know exactly what your payments are going to be,” said Jessica Lautz with the National Association of Realtors. “If you are renting right now, your rent is likely to increase next year, and that’s going to stay, along with inflationary pressure that’s probably going to increase as landlords know t…….

Colorado is home to one of the hottest real estate markets in the country and with 2022 on the horizon, many experts believe the local market will continue to boom. 

As home prices have risen in recent years, it has redefined what a ‘million dollar home’ looks like in Colorado.

Here are a few examples of million dollar homes found around Colorado, according to Zillow. The features of each home varies greatly by location despite the similar price tag.

Aspen

53 Forge Rd, Aspen, CO 81611—$995,000

This three-bedroom, three-and-a…….

COLUMBUS, Ohio – Ohio’s competitive housing market is expected to carry over to 2022.

What You Need To Know
A forecast by Realtor.com ranks Ohio as the fifth hottest housing market in 2022
In Columbus, there are 1,900 active properties on the market
In the city of Delaware, there are only 55 active properties on the market
Delaware County has only 168 active properties compared to 281 under contract

A Realtor.com prediction ranks the Buckeye State as the fifth hottest housing market heading into 2022. 

Local real estate agent and Delaware County Board of Realtors Pre…….

Many prospective buyers left the market dejected and without a home to call their own. As a result, demand for rentals surged and rents went up across the country.

“It was an insane year,” said Matt Holm, an agent with Compass in Austin. Last January, he put a smaller five-year-old home on the market at $425,000, higher than comparable sale prices, and was flooded with offers. “I stopped counting at 35 offers,” he said. The home sold for $545,000, a 30% increase over the list price.

Another buyer, who bought a lakefront luxury home for $6 million in 2020, was offered $9 million a few …….

Zillow Senior Economist Jeff Tucker joins Yahoo Finance Live to discuss expectations for the housing market to cool off slightly in 2022 and what that means for homebuyers.

Video Transcript

– 2021 marked the hottest housing market in US history, at least according to Zillow’s home value index. 2022 isn’t expected to shatter new records here, but our next guest says he still expects strong price growth and sales volumes to continue. Let’s bring in Zillow Senior Economist Jeff Tucker, joining us from Seattle today. Jeff, that’s going to come as a relief to a lot of homeowners wh…….


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Toronto & GTA Columnists

Author of the article:

Brynn Lackie A real estate sign that reads “For Sale” and “Sold Above Asking” stands in front of housing in Vaughan, May 24, 2017. Photo by Mark Blinch /REUTERS

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Councillor Mike Colle proposed a new speculation tax at Toronto City Council on Dec. 15.

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The housing market, nationwide, may be less competitive than it was just a few months ago. In some parts of the U.S., though, buyers aren’t out of the woods when it comes to encountering competing offers when they put a bid on a for-sale property.

In November, just 59.5% of offers presented by Redfin
RDFN,
+1.61%
agents faced competition, the real-estate brokerage said in a new report. That’s down from the pandemic peak of 74.6% in April, and represents the lowest level of competition since December of last year.

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Zillow Senior Economist Jeff Tucker joins Yahoo Finance Live to discuss expectations for the housing market to cool off slightly in 2022 and what that means for homebuyers.

Video Transcript

– 2021 marked the hottest housing market in US history, at least according to Zillow’s home value index. 2022 isn’t expected to shatter new records here, but our next guest says he still expects strong price growth and sales volumes to continue. Let’s bring in Zillow Senior Economist Jeff Tucker, joining us from Seattle today. Jeff, that’s going to come as a relief to a lot of homeowners wh…….