EDUCATIONAL RESOURCES GUIDE Trying to Predict the
Dempsey Delivers Results 2022 Real Estate Market Lynn Dempsey, Realtor®
Lynn Dempsey, Realtor
®
lynn.dempsey@pittsburghmoves.com www.lynnsellspittsburgh.com
C: (412) 445-6264
Thank you Clients! ❤
O: (412) 833-5405
$50 million plus 2018-2021
National Corporate Relocation Specialist
Corporate Relocation Specialist CARTUS Relocation
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Real estate market sales continue to be unpredictable this year. With rising mortgage rates and a continued shortage of homes, the housing market predictions are as reliable as the weather forecast. New home building sales have increased in the first two quarters of 2022, even with the shortage of building supply materials. Many existing homes sold for over-ask prices, receiving multiple bids with many disappointed buyers but happy sellers. As we continue into the third and fourth quarters, no one predicts with 100% accuracy where the real estate market will end up. Remember, a housing market prediction can only give you an “idea” of what to expect. Never let this control your decision of buying or selling. Only your personal situation and finances can help you make the best decisions for you. Experts are still seeing a post-pandemic rebound. The steady increase of mortgage rates, job recoveries and the law of supply and demand all work together to make the housing/real estate industry what it is today—unpredictable. The average median home prices are continuing to spike. Will this continue? Do not forget how increased mortgage rates will affect the overall cost of your new home. The mortgage rates, as we know, are influenced by the economy and inflation. The Federal Reserve has announced plans to continue to raise interest rates this year to slow down inflation. We know that with this change the current home buyer will be paying more for their home over time. Experts are stating that buyer demand will continue to be strong, and the housing inventory will remain low, as it currently is. Buyers may have to wait longer and work harder to save more money to buy their dream home. So, hold on for the real estate ride and stay tuned. n See ad for Lynn Dempsey, Coldwell Banker Realtor®, on this page.
Empowerment Through Art Ava Wynne, USCHS Freshman I have always found comfort in art. When I felt stressed or anxious, I would turn to art as a sort of therapy for myself. I began to show interest in third grade in 2-D art, as well as music and creative writing. In the beginning of 2022, I fell in love with the 2-D technique of embroider canvas art, which involves sewing a Ava Wynne at her art sale this past May line art image onto a stretched canvas. As of now, I have created over 25 individual works that, on average, take around three to five hours each. As an 8th grade student at Fort Couch, I dedicated my IB service hours to empowering women through art. I spent many weekends over the span of five months creating eight original pieces, which I sold at an art show to raise money for the Women’s Center & Shelter of Greater Pittsburgh. The Women’s Shelter of Pittsburgh focuses on aiding women who are recovering from abuse. For my art show I decided to partner with Athleta, because I think their mission statement is very inspiring. Their mission is to ignite a community of active, healthy, confident women and girls who empower each other to realize their limitless potential. This May, I raised over $260 dollars in donations for the Women’s Shelter. I genuinely believe that every person—man or woman— has the ability to create something truly impactful through the activities they are passionate about. n 46
UPPER ST. CLAIR TODAY
Fall 2022
