It’s a new year! I’m sure we’re all feeling a particular sense of New Year’s optimism that comes around every January. We’re ready to change everything about our lives, get our businesses into shape and realize all our goals—all before the end of Q1.

Congratulations if you’ve decided to take the next step in expanding your business! If you are considering starting a team or partnership, or wish to grow and develop your existing team into a mega team or group, it is critical that you take the time to plan the process of how you are going to start, build and grow your real estate business.

Picture this: You’re a high-producing agent closing over 50 deals a year. Your family is well provided for, and your clients are raving fans. But you’ve got no time for what’s most important to you, and you worry that if you keep running at this pace, everything you’ve built will crumble.

Bankrate recently released its 2022 mortgage and home equity rate predictions, predicting another active year despite the ongoing pandemic. Here’s what Bankrate Chief Finance Analyst Greg McBride is forecasting for the year.

Key predictions:

(TNS)—As home prices spiked during the pandemic, some people decided to put their home shopping on pause in the hopes that prices might drop, a decision they are coming to regret.

Now, a year-and-a-half into record price growth and dwindling inventory, non-buyers are stuck in a precarious situation: they want to buy, but are facing higher prices than they did when they first started searching and are finding themselves at risk of being priced out of the real estate market. Nowhere is this more true than South Florida.