The Vantage Report: June 2022 - Oh, Shift!
All about our market shift and how it might affect you and your home.
Welcome back to the Vantage Report. We are in June 2022, and things are changing in the real estate market. Today we’re going to dive into the data, talk about what’s happening, and explain what it means for you as you try to buy or sell in a shifting market. I’ve been talking about this change since the start of the year. What I predicted has started to show in the data. What does this shift mean, and how does it affect your real estate plans?
You can watch the full report above or skip to each section using the timestamps provided:
0:00 — Introducing today’s market report
0:35 — It feels like a balanced market right now
1:49 — We are seeing a slight downward pressure on prices
2:50 — Interest rates have caused this shift
3:50 — The affordability issue in our market
5:08 — Why a price pullback might not have a huge impact
7:05 — There’s nothing that suggests we’ll see a lot of foreclosures
8:16 — Why waiting to buy might not be the best idea
9:48 — My best advice to sellers
9:59 — My final thoughts
If you have any questions about this report, feel free to call or email me. I’d love to help.
Market statistics are based on MLS® data as provided by the Association of Interior Realtors®.