Real Estate Trends: Should You Sell Your Home?

May 11, 2022

The real estate market is hot! Despite an uptick in interest rates, housing inventory remains low, and it is still a seller’s market. Homeowners are receiving unsolicited offers as they watch their Zillow estimates grow. And buyers are getting out-bid by competitors offering thousands above asking, in cash, with waived inspections. If you own a home, is it time for you to sell?

We share recent real estate trends and discuss how your Washington Trust Wealth Advisor can help you make informed decisions about buying or selling real estate.

Housing prices are high and still rising. Across the country, housing prices have increased more than 20% in the past year, resulting in record highs in March. Despite a recent bump in interest rates, prices are expected to continue rising into 2023, but at a lower rate of about 6% nationally.1

Rental fees are climbing, too. Wall Street firms and other investors have been buying up properties to rent (another factor causing upward pressure on housing prices),2 and average rental incomes have surged in many regions across the country.

Average Monthly Apartment Rent


March 2020

March 2021

March 2022

% Increase from 2020 to 2022











Rhode Island





Source: Average monthly apartment rent in the United States from 2020 to 2022, by state, Statista 2022

Although mortgage rates have increased, they remain relatively low. The Federal Reserve has raised interest rates to tighten the money supply and control inflation, and mortgage rates have followed. Nonetheless, mortgage rates remain historically low (at around 5% - 6%, depending upon variables such as the amount of the loan and your credit score). By comparison, in October of 1981, the rate on a 30-year fixed mortgage reached a high of 18.4%.3

Home buyers are willing to relocate. As a growing number of companies allow employees to work remotely, Americans have been widening their home search. In the first quarter of 2022, nearly 60% of’s listing views were from outside of the markets in which buyers currently live.4 Some buyers are interested in moving to lower-cost neighborhoods, others are being selective about where they live. So, if you live in a nice neighborhood, near a park, or by a beach, demand for your property may be rising!

Should you buy, sell, or hold tight? Selling your primary residence is a big decision you must be ready to make, and you need to have someplace to go. Whether you’re thinking about selling or buying a primary residence, vacation home, or rental property, your Washington Trust Wealth Advisor can help you integrate the purchase or sale into your wealth plan, talk to you about the tax implications, and connect you to resources to finance your purchase. Our full range of lending solutions includes funding your needs for credit, short-term liquidity, real estate acquisitions, and specialty financing. Follow us to learn more!

1 U.S. Home Price Insights, CoreLogic, March 2022

2 A $60 Billion Housing Grab by Wall Street, The New York Times Magazine, October 22, 2021

3 Historical mortgage rate trends: 1970s to 2022, Bankrate, April 12, 2022

4 Q1 2022 Cross-Market Demand Report: American Home Shoppers Increasingly Willing to Search from Sea to Shining Sea for Affordable Homes,, May 3, 2022

Connect with a wealth advisor

No matter where you are in life, we can help. Get started with one of our experts today. Contact us at 800-582-1076 or submit an online form.

Contact us

This document is intended as a broad overview of some of the services provided to certain types of Washington Trust Wealth Management clients. This material is presented solely for informational purposes, and nothing herein constitutes investment, legal, accounting, actuarial or tax advice. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon. Please consult with a financial counselor, an attorney or tax professional regarding your specific financial, legal or tax situation. No recommendation or advice is being given in this presentation as to whether any investment or fund is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors, or markets identified and described were, or will be, profitable.

Any views or opinions expressed are those of Washington Trust Wealth Management and are subject to change based on product changes, market, and other conditions. All information is current as of the date of this material and is subject to change without notice. This document, and the information contained herein, is not, and does not constitute, a public or retail offer to buy, sell, or hold a security or a public or retail solicitation of an offer to buy, sell, or hold, any fund, units or shares of any fund, security or other instrument, or to participate in any investment strategy, or an offer to render any wealth management services. Past Performance is No Guarantee of Future Results.

It is important to remember that investing entails risk. Stock markets and investments in individual stocks are volatile and can decline significantly in response to issuer, market, economic, political, regulatory, geopolitical, and other conditions. Investments in foreign markets through issuers or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical, or other conditions. Emerging markets can have less market structure, depth, and regulatory oversight and greater political, social, and economic instability than developed markets. Fixed Income investments, including floating rate bonds, involve risks such as interest rate risk, credit risk and market risk, including the possible loss of principal. Interest rate risk is the risk that interest rates will rise, causing bond prices to fall. The value of a portfolio will fluctuate based on market conditions and the value of the underlying securities. Diversification does not assure or guarantee better performance and cannot eliminate the risk of investment loss. Investors should contact a tax advisor regarding the suitability of tax-exempt investments in their portfolio.