“Real Estate & Mortgage Outlook for 2022”

By
Mortgage and Lending with Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 NMLS # 6869

“Real Estate & Mortgage Outlook for 2022”

 

Mr. Petrowsky,

I am not exactly sure how I originally got to reading your blogs on Linkedin, but am a regular follower. Your blogs are very insightful and will certainly reach out to you in 2022 as I will be needing a mortgage. I am 34 and will be a first time home buyer.

In reading some of your advice, it seems to me that you don’t see home values dropping anytime soon and you also don’t see interest rates going crazy in 2022, is that correct?

I am fortunate to have a very good job, my current income is $75,000 and been with this company going on 3 years. Do you have any advice for me to focus on over the next few months? Jerri

 

Do I think real estate values will drop in 2022, hell NO! Will values continue to rise at the same levels that they did in 2021, hell NO, but values will continue to move up.

Will interest rates move up like crazy in 2022, hell NO. Will they increase dramatically from the current levels, hell NO.

There are many factors that will affect rates, namely inflation that is caused by supply chain issues, dramatic increases in oil and gas along with massive government spending, just to name few. Another factor that may even reduce rates is the possibility of debt defaults in China.  

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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com

www.righttracfg.com

www.joepetrowsky.com

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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Comments (2)

Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Joe. Must say I share your view, especially about possible debt defaults in China. Enjoy your day 

Jan 17, 2022 04:26 AM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

I say we buckle up tight and continue the ride.  We made it through the weekend and ready to start the new week.  Thanks for posting and have a productive Monday. bill

Jan 17, 2022 05:18 AM