2022 Real Estate Predictions for Housing Market

2022 housing market predictions point to another interesting year! Home prices are currently up 20% year-over-year. The boom in prices was spurred by tight housing inventory, low-interest rates, and household migration patterns during the pandemic. Millennials buying first-time homes has only exasperated the demand for homes. Meanwhile, 2022 real estate investors with cash on their hands are trying to hedge against inflation by purchasing hard assets like real estate, thus driving prices higher. The supply and demand issues are exactly why home prices will continue to increase into next year. The 2022 real estate predictions look like housing inventories will remain historically tight. Places Like Myrtle Beach SC where people are moving to remain competitive. And if you ask people who want to move to the area, the surveys of home buying intentions remain at super healthy levels. Here is what to look for when buying a house, a home, and real estate investing.

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