National Association of Realtors (NAR)

You'll Scream for Janet Jackson's $9M NYC Apartment.
The pop star has listed her longtime Manhattan condo. The $8,995,000 unit features Central Park and city skyline views.

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The last two years caught many of us off guard—and not just because of the pandemic. They also ushered in the hottest housing market on record, with home prices rising nationally by nearly 19% in 2021, driven primarily by low mortgage rates and a major supply shortage.1

But while some had hoped 2022 would bring a return to normalcy, the U.S. real estate market continues to boom, despite rising interest rates and decreasing affordability.

So what’s driving this persistent demand? And is there an end in sight?

Here are three factors impacting the real estate market right now. Find out how they could affect you if you’re a current homeowner or plan to buy or sell a home this year.

I MORTGAGE RATES ARE RISING FASTER THAN EXPECTED

Over the

Peek Inside Betty White's Beloved Oceanfront Carmel Estate.
The actress left behind a stellar legacy in the entertainment world and in real estate, including an oceanfront estate in Carmel, CA, that has surfaced on the market for $7,950,000.

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From Realtor.com, Richard Gere Sells Country Compound in New York for $28M.
Actor Richard Gere has found a buyer for his picturesque property.
The Pound Ridge, NY, country home is pending sale, according to Mansion Global.

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Our nation is in the midst of a serious housing crunch. Last year, a lack of inventory and soaring prices left many would-be homebuyers feeling pinched. But now, with interest rates climbing, many of them are also feeling desperate to lock in a mortgage—which has only added fuel to the fire.1

Fortunately, if you’re a buyer struggling to find a home, we have some good news. While it’s true that higher mortgage rates can decrease your purchasing budget, there are additional ways to compete in a hot market.

Yes, a high offer price gets attention. But most sellers consider a variety of factors when evaluating an offer. With that in mind, here are five tactics you can utilize to sweeten your proposal and outshine your competition.

We can help you

From Realtor.com, Golf Legend Vijay Singh Is Selling His Heavenly Hawaii Home for $23M.
Vijay Singh is letting go of his dreamy Hawaii home.
Located on the Big Island’s Hamakua Coast, the 52-acre property is available for $23 million.

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We’re still in a seller’s market, but that doesn’t mean your home is guaranteed to easily sell.1
If you want to maximize your sale price, it’s still important to prepare your home before putting it on the market.

Start by connecting with a real estate agent as soon as possible. Having the eyes and ears of an insightful real estate professional on your side can help you boost your home’s appeal to buyers. What’s more, beginning the preparation process early allows you to tackle repairs and upgrades that can increase your property’s value.

Use the checklist below to figure out what other tasks you should complete in the months leading up to listing your home. While everyone’s situation is unique, these guidelines will help you make sure you’re ready

From Realtor.com, Sylvester Stallone Scores $18.2M Mansion in Hidden Hills
It looks like Sylvester Stallone has another sequel, this time in real estate. Soon after reportedly selling his Beverly Hills estate to Adele, the “Rocky” star has punched up another purchase.
The writer, director, and producer picked up a Hidden Hills, CA, estate for about $18.2 million, according to Dirt.

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Music Legend Stevie Wonder Buys $14M Mansion in Bel Air.
The elaborate estate in the exclusive Los Angeles neighborhood had been owned by Prince Mohammed bin Faisal bin Saud al-Saud.

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Leonardo DiCaprio, star of many blockbuster movies, looks to have found a buyer for his Los Feliz home, Mansion Global reported.

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