Top Housing Market Predictions for 2022
Segment 1
Top 7 Housing Market Predictions for 2022
Barb, you keep telling us about the low housing inventory. What are people saying about the housing market predictions for 2022?.
Hey Richard, industry experts like chief economist Mark Zandi of Moodys does not believe we are in a house bubble because stricter lenders standards.
Overall the predictions indicate another very strong housing market for 2022.
Interest Rates at Still at low levels and most experts think they will rise from the low 3.0s to maybe mid 3.0s.
Those are still great rates!
Interest rates are the thing to watch…
July - Sept 2018 rates went from 3.75 to 5.0 and quickly slowed sales …why?
Housing Affordability
Buyers buy in payments and if the payment is low they can afford a more expensive house.
What does 2022 look like if you are thinking of Buying?
Awesome!
People fear the Fed with raise rates.
Lets do the math…
Average Rental:
2500-3000 SF, 4,3,2
Average $2300 Month
Average Purchase: $505000, 5% Down
2500-3000 SF, 4,3,2
Average Payment $2382 Month
Average Appreciation: 12,8% (Last 4 Years)
2018 – Year Rates Rose App = 5.1%
2019 – Average Appreciation = 8.7%
2020 – Year of Covid – App = 19.2%
2021 – Average Appreciation = 18.3%
If bought an averaged priced home at $505000
The Average Appreciation would be $569,640
Your Home will go up in value over $69,000 just for making essentially the same payment as renting.
What does it look like if you are thinking of Selling?
All the experts are saying the Supply will Remain Low and Demand high because:
Growing buying population
Increase of people moving toward better locations since many can work from home.
Luxury markets continue to be less affected by rates.
I’m Barb Schlinker with YHSGRC…I have helped thousands of home sellers sell for Top Dollar
And in many cases, I can Get you a CASH OFFER on your home, just like the iBuyers if you don’t want a tradtional sale!
Move when you want
But still get very close to market value for your home.
Not every agent is the same
If you are thinking of making a move and would like
Tips on how to prepare your home to command top dollar
Get a great idea on how much your home will sell for in this market
Call us at 719 301 3900
If you are thinking of selling, you should be concerned about hiring an agent who:
1. Suggests an unreasonably low asking price
2. Discounts their fee just to get a listing
3. Does not know how to command Top Dollar or
4. Be able to help you with your current circumstances
Just ask Danielle, I just sold her home for $50,000 over asking price.
An awesome military member
After all expenses and purchasing ZERO down she put $95,000 in her pocket, owning the home only 16 months!
You are listening to the Real Estate Voice with myself Barb Schlinker of Your Home Sold Guaranteed Realty, if you are interested in selling or buying call Barb at 719 301 3900
We are talking Barb about amazing rise in values in Real Estate market, and housing predictions for 2022. Barb, what are some of the industry experts predicting?
Overall:
Source: Forbes, writer Brenda Richardson, did some very comprehensive research for her article
Impressive
Danielle Hale, Realtor.com
Rates will rise slightly
Builders will build more but not enough
Prices will trend up
45 Million Millennials ages 26-35 at price first time buyer age. With wages, rents prices rising & they are motivated to buy.
7% Increase in Rent rates will likely drive more people to buy vs rent
Daryl Fairweather, Chief Economist for Redfin
Thinks Climate Change will affect home buying decisions?
I don’t agree.
But lifestyle and location choices are more flexible for people who can work remotely
Sue Yannaccone,
