To say that the real estate market has changed and evolved over the past year would be an understatement. In the past 365 days, home prices have skyrocketed. Homeowners’ home values have been climbing higher and higher. Competition for housing has been extremely tough. Investors are taking over properties in all markets, large and small. Buyers who would normally be able to secure homes are valued left and right.
As 2021 draws to a close, the surge in home purchases fueled by the pandemic continues. Homes are still selling well above asking prices in most markets, despite the historically slow real estate season. Buyers are still struggling to find homes in most markets. Cash buying dominates. Most markets still face extremely low levels of housing inventories. And, home values are still skyrocketing for those lucky homeowners who have successfully secured their properties.
With so many unusual trends in the housing market, it begs the question of what will happen with real estate in 2022. Will the markets continue to be on fire? Will the pandemic continue to fuel low interest rates? Perhaps more importantly, what can you expect from the dominant real estate trends over the next year and why?
To help answer these burning real estate questions, the rental platform with option to buy ZeroDown has compiled a list of 10 real estate trends to watch in 2022, using information from real estate agents, forecasting models, brokers and other real estate experts. Here’s what that information showed about the real estate trends for the next year.