Expert Insights on the 2022 Housing Market

By
Real Estate Agent with HomeSmart 0561240

As we move into 2022, both buyers and sellers are wondering, what's next? Will there be more homes available to buy? Will prices keep climbing? How high will mortgage rates go? For the answer to those questions and more, we turn to the experts. Here's a look at what they say we can expect in 2022.

Odeta Kushi, Deputy Chief Economist, First American:

Consensus forecasts put rates at about 3.7% by the end of next year. So, that’s still historically low, but certainly higher than they are today.

Danielle Hale, Chief Economist, realtor.com:

Affordability will increasingly be a challenge as interest rates and prices rise, but remote work may expand search areas and enable younger buyers to find their first homes sooner than they might have otherwise. And with more than 45 million millennials within the prime first-time buying ages of 26-35 heading into 2022, we expect the market to remain competitive.

Lawrence Yun, Chief Economist, National Association of Realtors (NAR):

With more housing inventory to hit the market, the intense multiple offers will start to ease. Home prices will continue to rise but at a slower pace.

George Ratiu, Manager of Economic Research, realtor.com:

We also expect a growing number of homeowners to bring properties to market, taking some pressure off high prices and offering buyers more options.

Mark Fleming, Chief Economist, First American:

Strong demographic demand will continue to act as the wind in the housing markets sails.

What Does This Mean for Buyers?

Hope is on the horizon for 2022. You should see your options grow as more homes are listed and some of the peak intensity of buyer competition starts to ease. Just remember, rising rates and prices are a great motivator for you to find the home of your dreams sooner rather than later so you can buy while todays affordability is still in your favor.

What Does This Mean for Sellers?

Make no mistake this sellers market will remain in 2022 as home prices are projected to continue climbing, just at a more moderate pace. Selling your house while buyer demand is so high will truly put you in the drivers seat. But don't wait too long. With more listings projected to become available, your ideal window of opportunity to stand out from the crowd wont last forever. Work with an agent who knows your local market and current inventory conditions to ensure you have the support you need to make an educated and informed decision about selling in the coming year.

Bottom Line

If you're thinking of buying or selling, 2022 may be your year. Lets connect to discuss your goals and the unique opportunities you have in todays housing market.

 

 

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“YOUR Rock-Solid Choice Realtor for Making Home Sellers a Profit & Home Buyers Equity”

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Comments (5)

Gwen Fowler-864-710-4518 SC * Mountain* Lake*Home
Gwen Fowler Real Estate, Inc - Walhalla, SC
Gwen Fowler Real Estate, Inc.

I hope 2022 is a repeat of 2021.  Great info. Happy New Year!

Jan 06, 2022 05:49 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Shayne and thanks for the great information to share with us here in the Rain.   Make it a great day!

Jan 06, 2022 08:26 AM
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

You have made some excellent points here, Shayne Stone, supported by experts in the field. Whether buyer or seller, it is time to act!

Jan 06, 2022 05:06 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Shayne Stone very good helpful report about expert insights on the 2022 housing market.

Jan 06, 2022 05:24 PM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great post!  Thanks for sharing and have a wonderful day!~

Jan 11, 2022 07:27 AM