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Housing Market Predictions 2022 | The Christy Buck Team

As most home buyers and sellers have noticed, the pandemic caused a huge shift in the real estate industry and the market shot off like crazy with record sales and record prices/interest rates! So what does 2022 have in store? Some experts have predicted another 6.6% increase in home sales from 2021, home prices to rise another 2.9% ( Mortgage rates are also expected to go up a bit and some home buyers are questioning the affordability of homes for the future, especially millennial ages that are first time home buyer age. However, rental rates are expected to rise by 7.1% which will be a strong motivator for people who don’t own homes to consider buying. Also, overall income in the U.S is expected to increase by 3.3% which will allow more cash coming to people who need it to buy! Don’t let the market predictions scare you! Get with a real estate professional and let them assist you and guide you to your new home purchase! Looking to sell? This market is STILL hot for sellers and inventory is low, so buyer NEED more homes to look at. Call us today at 832-264-8934!

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Our agents write often to give you the latest insights on owning a home or property in the local area.