Your REALTORS:
Shirley Mueller
January 2022
Real


Robert Kincaid
2022 Real Estate Market Predictions
It’s hard to believe we’re already approaching 2022, yet here we are. The new year has a lot of people planning for what’s ahead financially. As part of that, you could be wondering if you’re going to have a chance to buy a home next year after 2021 left few opportunities.
      So what are the predictions looking like for the coming year?
      Cities Could Surge Again People may become comfortable with big cities again, following the pandemic's start, where many people relocated to the suburbs and less expensive states. That means some areas in the Northeast, Southeast and the West Coast could see an increase in real estate
Mortgage Rates
U.S. averages as of January 2022:


30 yr. fixed: 3.05%
15 yr. fixed: 2.3%
5/1 yr. adj: 2.37%






course, we don’t know how the pandemic will continue to unfold and whether that’s going to play a role in how willing or reluctant people are to make a move back to
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These Projects Could Lower the Value of Your Home
     When you think about a home project, you really have to consider how it will affect the value of your property if you ever want to sell it. It’s best to invest in projects that will give you a good return in terms of raising the value of your home.
      Unfortunately, some projects may give you no return, or they can even hurt your resale value.
      Think twice before doing some of these projects unless you truly don’t ever plan to sell your home.
      Do-It-Yourself Projects That Look DIY If you have the skills to do a DIY project in your home, it can add value to your home. In some cases, however, DIY projects can be very apparent and can turn off potential buyers. For example, if you’re



Can You Buy a House If You’re Unemployed?
     A lot of people in the United States are unemployed right now for various reasons. At the same time, many people are also hoping to buy a new home. Can you buy a home if you’re unemployed?
      The short answer is that no, you can’t use your unemployment benefits to get a mortgage, but other options may be available as far as the income you can use.
      What Other Income Can You Use to Buy a Home? There are many types of income you may receive that could be considered if you were trying to get a mortgage. If you have investment dividends or Social Security income, these can be counted as income to get a mortgage.
      If you have a co-signer, this is another option.
      Unemployment income isn’t considered when you’re applying for a mortgage because it’s short-term. Therefore it’s not qualified income. If you get a mortgage while you’re

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Refinancing: The Risks of Waiting
     If you’ve been thinking of refinancing lately, as many certainly have, it might be a good move to go ahead and make the move. Especially for those who have been on the fence over the past few months. The market has been relatively positive for interest rates as mortgage rates in general have been floating in a very tight range. If you’re thinking of refinancing, there are some risks of waiting.
      What are these risks? The biggest is rates moving to higher levels and never looking back. Conventional fixed rate mortgages are tied to mortgage bonds. And just like any other type of bond, when there is a demand for the bond the price goes up which inversely affects the yield, or the rate of return. Investors pour money into bonds not as a vehicle for income but more importantly as a safety vault. Stocks can be volatile, but the returns can be greater. Conversely, stocks can also move down causing investors to lose money. Bonds provide protection for such volatility. Bonds aren’t there to provide a healthy rate of return but a healthy dose of safety.
      Rates moving lower typically means a series of unflattering


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Read about the events shaping the Real Estate market today, find current interest rates, or browse the extensive library of advice and how-to articles written by some of the top experts in Real Estate. Updated each weekday.
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What is the Hardest Part of Buying a House?



Shirley Mueller & Robert Kincaid
E-mail: kincaid@realtor.com
Website: KincaidRealtors.com
Shirley: 317-431-9544
Robert: 317-431-6176

Kincaid Realtors, LLC
317-848-1118
8425 Woodfield Crossing Blvd., Suite 100
Indianapolis, IN 46240


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