The market (OK, life in general, who are we kidding) has been crazy since the pandemic got underway in 2020. Will things be any different this year? The Escape Home’s Danielle Hyams spoke with several real estate agents to get their thoughts on what buyers can expect this year.
On the market
While it doesn’t appear it will be slowing down anytime soon, some relief may be in sight.

“I think we are going to stay a seller’s market, through the end of the year, through 2022,” said Melissa Principi, a Hamptons-based real estate agent with Douglas Elliman. “I don’t think it’s going to have that fever that it did last year. It really depends on the location. I think interest rates are going to creep up this year and that’s really what everyone has been predicting. I think that will help kind of normalize how many buyers are out there. And I think everyone saw the numbers last year — so I think a lot of people are deciding: do we move, do we sell, do we capitalize on this seller’s market? So I do think the combo of more inventory and a little bit of a higher interest rate for borrowers will finally start to cool this off a little bit.”