Here are four of my top predictions for the 2022 market.
These last two years were pretty crazy for our real estate market. What can you expect in 2022? I’m offering my bold predictions today.
My information comes from Brian Buffini, an industry thought leader who had an amazing podcast a few weeks ago outlining his expectations. You can take a listen for yourself here, but here are a few of the key points he highlighted:
1. Housing inventory poised to recover. This is great news for our buyers. We saw a 5% increase in listings from 2020 to 2021, and that trend should continue in 2022.
2. Expect smaller home price gains. Buyers have been stressed by multiple-offer situations for a long time, so this trend should alleviate some of that. At the same time, it’s still a really good market to sell in.
3. Historically low interest rates. We all know that rates have been hovering around 3%. We’re still going to see them near that, but they may inch up toward the end of 2022. It’s still a great time to buy while rates are below 4% right now.
4. Cities are making a comeback. At the start of the pandemic, we had a lot of people moving out of the cities and into the suburbs, but that trend has reversed in the time since. Things are looking up in these densely-populated markets.
I’m really looking forward to 2022, and I hope you all are too. If you have any questions for me, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.