00:00 What will happen to the housing market in 2022?
00:23 Home Sellers Housing Market
01:32 Home Buyers Housing Market
02:32 Investors Housing Market
03:29 Renters Housing Market
What will 2022 be like for home sellers?
Homeowners who are ready to sell in 2022 are in a good position. Home prices are likely to notch a decade-long streak of annual gains early in the year, and the value of homes is at a record $34.9 trillion of mid-2021, and likely to continue higher with next week’s release of new data.
Even as for-sale inventory begins to grow, meaning some sellers will face competition, well-priced homes in good condition will continue to sell quickly in many markets. And for sellers who have owned their homes for a while, this will likely mean that they walk away from the transaction with a healthy amount of cash.
What will 2022 be like for homebuyers, especially first-time homebuyers?
Homebuyers have much to look forward to in 2022. After years of declining, the inventory of homes for sale is finally expected to rebound from all-time lows.
Still, the housing market will remain competitive for buyers, particularly those looking for homes in entry-level price tiers.
What will 2022 be like for investors?
In 2022, investors will continue to see solid returns from their investments in the housing market. With home prices expected to rise, existing owners are in a good position, and rising rents are likely to entice investor buyers to continue to purchase homes even as rising mortgage rates challenge potential returns.
What will 2022 be like for renters?
Renters will see increasing rents in 2022. As home prices will keep rising in 2022, a great proportion of the population who cannot compete for a new home is likely to continue renting.
In addition, higher home costs due to mortgage rates, which are expected to rise, could accelerate this pattern, rising demand for rental homes.
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Marcus “Kiwi” Gualter
Team Kiwi
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Kiwi@TeamKiwi.com
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