Expert Insights on the 2022 Housing Market

Reblogger
Real Estate Agent with The Medford Real Estate Team DRE#01223788

Realtor Shayne Stone from Richmond, Texas has posted information of value for homeowners and homeowners-to-be across the U. S.

I agree that inventory levels may approve, interest rates will rise, prices should continue to rise but at a slower rate.

If you have any plans to buy of sell...it is time to act!

Original content by Shayne Stone 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.

 

 

Shayne Email Signature

Comments (12)

John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello John Juarez very good helpful report about expert insights on the 2022 housing market.

Jan 06, 2022 05:24 PM
John Juarez

Thank you, John Pusa. The composer of the post, Shayne Stone, did a great job.

Jan 07, 2022 08:07 AM
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Super helpful John Juarez 

Jan 12, 2022 10:40 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

John, great post to reblog, and we don't know what the future holds for 2022 YET.

Jan 15, 2022 05:35 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

What a great re-blog and indeed it is spot on, Endre

Jan 19, 2022 11:37 PM
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Yes, Endre Barath, Jr. , Joan Cox , and Andrew Mooers | 207.532.6573. John Pusa did a great job on the post.

Jan 21, 2022 01:28 PM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I hope you are having a very productive month.

Take care and be safe.

Jan 23, 2022 10:06 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

John just stopped in and see if you are ready for the next post:)Endre

Jan 29, 2022 11:05 PM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate Brokered by Real - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Am off to a great start for the year John and people will still be buying and selling properties in 2022!

Feb 21, 2022 01:29 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

It’s very interesting to be an expert during these times because we’ve never really had these times before in at least 100 years. It’ll be really interesting to see what happens. Excellent insight

Feb 27, 2022 07:41 AM
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Thank you, Laura Cerrano 

Let's give credit for the original blog by Shayne Stone, since what I did was re-blog his post. 

Feb 27, 2022 03:17 PM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Have a great Sunday, John.

Let's continue to spread love and kindness every day.

Mar 06, 2022 11:10 AM
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

John Juarez No one knows the local real estate market better than the guy or gal in the listing sale trenches right? Thanks for the post!

Mar 11, 2022 04:46 AM
John Juarez

Thanks to Shay Stone who provided the original post which I re-blogged.

Mar 11, 2022 09:55 AM