If You're a Parent, Don't Miss 7:25 on! Hey folks! This episode is to give you perspective on the current market and what to expect over the next 612 months in the real estate market. We're going to be seeing interest rates increase, inflation increase, unemployment vacillate and the Child Tax Credit surprise in April.

If you've been wanting to buy a house, it is still a good time to buy because of inflationary pressures matched with low interest rates that will lock in high principal payments compared to the payments made up of mostly interest...

Inflation is high and will continue to be high for a while, especially if wage inflation takes place, which it looks like it is going that direction. The Fed has announced a slowing in buying MBS or Mortgage backed securities. This means interest rates will likely go up a couple times in the next 12 months. That's downward pressure for home prices, but wage inflation is an upward pressure on home prices, so if you want a house, now is the time to lock in the price and interest rate...

Warning: Be prepared for the heavy tax bill of 2022! Those that took the tax credit early, you'll have to pay your taxes in April with money instead of tax credits that you took early. Just make sure you know so that you don't get surprised by a big bill that is usually paid for you with the tax credit, otherwise, you'll find you're not only going to NOT get a tax returnyou may have a bill instead!

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