Found 53 blog entries tagged as Hilton Head real estate.

Thinking about purchasing a home in 2022? The newest market predictions are rolling in:

 The leading demographic in 2022 is going to be millennials since many are approaching the prime age to become home buyers.

 Housing prices may climb anywhere from 14% to 3% in the next 12 months.

 Mortgage rates are expected to change from 2.98% to anywhere between 2.5% and 7.9%

 Forecasts for 2022 are still a bit unknown because there are still a lot of unknowns, including possible supply chain issues and how material inventory will be affected

At the end of the day, this news is quite confusing because of so many unknown factors.

However, one thing remains clear: take all predictions you see with a grain of salt because these past couple of years have been anomalies.

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From the opportunity to take advantage of today’s low mortgage rates to changing homeowner needs, Americans have more motivation than ever to buy a home. According to the experts, buyers are making moves right now, creating an unseasonably strong housing market for this time of year.

As we wrap up the fall season and move into the winter months, here’s a look at what several industry leaders have to say about the continued momentum in the current market, and what it means as we head into the early part of next year.

Lawrence Yun, Chief Economist, National Association of Realtors (NAR)

“This solid buying is a testament to demand still being relatively high, as it is occurring during a time when inventory is still markedly low. The notable…

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What is Going on with Real Estate in the Lowcountry

Here we are in the middle of January with some very chilly weather headed from our northern friends, including the (11) states that continuously support our second home buyers in the Lowcountry. Keep in mind that approximately 45% of our buyers come from Ohio and Pennsylvania, which both have an improving primary real estate market. 

We are hoping that the bad weather and a very optimistic economic forecast will allow those northerners, now capable of selling other properties, to join us this year as we are expecting a large contingent of “sno-birds.” A “sno-bird” is a family looking to buy a second home or a primary residence in the south. We think we have tremendous value…

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