4 Reasons Why Home Prices Will (Likely) Keep Rising in 2022
Last week, we reported that several forecasters had predicted a slowdown in home prices for 2022. That seems to be the general consensus among many housing analysts, economists and industry watchers.
But a “slowdown” is not a reversal. While home prices might rise more slowly next year, it’s almost certain they will continue to climb in most U.S. cities.
One notable housing analyst offered a bolder outlook, predicting that house values would keep rising by double digits well into 2022. He also outlined four specific reasons why U.S. home prices will keep rising in 2022.
4 Factors That Are Boosting House Values
1. Low mortgage rates
2. Loosened mortgage standards
3. An ongoing inventory shortage
4. The work-from-home trend
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Ralene Nelson, REALTOR®
Introducing Jesse Beatty
Jesse Beatty is transitioning into a Real Estate career with Ralene Nelson’s team at ReMax Grupe Gold, in the Rio Vista office located at -107 Main Street in Rio Vista.
REALTOR® Jesse says, “I bring honesty and integrity with me into this business and I’m excited to be doing business in the city that I love, Rio Vista.
Beatty also has experience in Insurance & Financial Services.
Ralene Nelson, REALTOR®
Price Reduced $443,700 – Spinnaker model, located in Trilogy, on the 2nd fairway, with views of the pond. This is an Active Adult Community. Coveted location, currently only golf course home for sale. Two bedrooms, 2 bath with den, and kitchen overlooking the golf course. Professionally landscaped with the fence, small grassy area for your pet. Patio with cover & privacy screen & walkway around home. The sunsets are spectacular from this backyard. Carpet throughout with vinyl in kitchen & bath. Oak cabinets & white tile counters. Two-car garage with built-in storage cabinets, new hot water heater. READ MORE
JUST SOLD – 317 Riverwood Ln, Rio Vista
Located in the desirable Active Adult Community, Trilogy by Shea, this popular model, Pebble Beach, is waiting for you. Tile entry, living room corridor, kitchen, nook & laundry room. The kitchen has granite counters as well as master & guest baths. Home has 2 bedrooms/baths and den. Stamped patio, fenced back yard is perfect for your BBQ. Lots of amenities: tennis, bocce, billiards, 2 swimming pools/spas, golf, exercise classes, gym & more. READ MORE
REAL ESTATE NEWS
Current Mortgage Interest Rates: December 15, 2021—Mortgage Rates Remain At Historical Lows
Mortgage rates stayed flat today. Buyers—and homeowners looking to refinance—still have the ability to pick up a historically low rate.
Today, the average rate on a 30-year fixed mortgage is 3.29%, according to Bankrate.com, while the average rate on a 15-year mortgage is 2.54%. On a 30-year jumbo mortgage, the average rate is 3.24%, and the average rate on a 5/1 ARM is 2.74%. READ MORE
The housing market isn’t slowing down anytime soon
Is the housing market finally losing steam?
Home improvement retail giant Lowe’s (LOW) issued a disappointing sales outlook Wednesday morning. Meanwhile, homebuilder Lennar (LEN) reported results Wednesday afternoon that missed forecasts. The company cited supply chain issues and higher lumber costs. Lennar shares fell 4% Thursday.
But before you start shouting from the rooftops of the arguably overpriced home you live in that the housing bubble is bursting, consider this: The government reported Thursday morning that housing starts and building permits in November both rose more than expected from October levels. READ MORE
Things To Do in Northern California this Weekend
Ugly Sweater Christmas Party Featuring The Foam Riders
Ticket Price includes your reservation to the concert along with a glass of red or white wine. Children are FREE and word around the block is SANTA will be there….so make sure your kids are on the nice list before December 18th! The Foam Riders will be performing live from 4:00-7:00 PM and BIG C BBQ will be back serving up his homemade BBQ. Everyone is welcome so feel free to join the fun, we hope to see you there! READ MORE ~ BUY TICKETS
Santa Train ~ Western Railway Museum 5848 CA-12, Suisun City
Enjoy a ride on a historic electric railway and pay a visit to Santa! Fun activities for all your little ones which including activity tables. Hot cocoa, marshmallows, and cookies are all included. Make sure to bring your camera for a family photo with Santa!
$25 per person or $12 for members.
Train times vary each day. Trains run hourly, with the last train ride at 5pm.
Your ticket is for your exact train time.
Please note that due to COVID-19 masks are required.
A PETER WHITE CHRISTMAS CONCERT
Sat. December 18, 2021, Doors 6:30pm, 7:30 pm – 11:59 pm
Make your list and check it twice! This holiday concert is more than just nice!! A Peter White Christmas with Mindi Abair and Vincent Ingala is coming to town. Contemporary jazz lovers eagerly await this annual fun-filled concert, which has packed fans into halls and arenas coast-to-coast year after year.
Peter White is an extraordinary and fluent acoustic guitarist whose skills are world-renowned. Revered saxophonist Mindi Abair returns again with her dynamic vigor ready to captivate audiences far and wide. Vincent Ingala is no stranger to contemporary jazz audiences–his charisma, energy, and musicianship will put a smile on anyone’s face. READ MORE ~ BUY TICKETS
The Rat Pack Christmas Show
(EARLY SHOW), SUN, DECEMBER 19, 2021, Doors: 4:00pm / Show: 5:00pm
The Twelve Gifts of Christmas
Strut Performing Arts presents The Twelve Gifts of Christmas
An ingenious musical stage production fashioned to remind us of what the authentic significance of gift-giving really means during this season we call Christmas! We believe in the gift of Christmas, as it is an extraordinary time of the year when the gift of love is shared with everyone far and near. The priceless gift of Christmas cannot be bought in any store, purchased online, or delivered to your door. The gift of the season arrives without pretty paper and bows but is wrapped instead with harmony that magically twinkles and glows. The gift of Christmas remains a treasure from the past, the tradition of giving that shall always be a memory to last. It’s the special gift of Christmas that touches each and every heart and inspires us to believe life is God’s grandest work of art… we believe the gift of Christmas exists only in our hearts and fills our spirit with peace in the place where Christmas starts.
Strut Performing Art’s is delighted to bring back a fanciful spectacle of the holiday’s most beloved jingles, featuring remarkable musical numbers, with frolicking sure to make your heart smile!
After such a long pause for the Performing Arts community… SPA has yet again produced a show that is sure to leave you in the spirit of the season. May you take pleasure in witnessing the sheer love and emotion displayed by our students, young and seasoned alike, as they have devoted these past months to bringing the meaning of Christmas to the forefront and to challenge one to beg the question… What are the true Gifts of Christmas?
General Show Information:
* Friday: 12/17/2021 – Doors at 6:00pm; Show at 7:00pm
* Saturday: 12/18/2021 – Doors at 6:00pm; Show at 7:00pm
* Sunday: 12/19/2021 – Doors at 1:00pm; Show at 2:00pm
READ MORE ~ BUY TICKETS