Where do I see the housing market going in 2022?




This morning as I was sipping my coffee and going through the Fannie Mae report, I was reflecting on what the main question I have been getting recently..."Skip, where do you see the housing market going in the near future?" Now...I am not a prophet or the son of a prophet, so I can only use 17 years of real estate experience and quite a bit of research to be my guide (hence me reading the Fannie Mae report!).


(Click on the image for the full report)


I was not really taken aback by most of the numbers that they are projecting about 2022. In most of the sections they are projecting a small decline from 2021 to 2022 taking hold in the second quarter. The only bright spot they project--a rise is in new construction really starting in the second quarter. Mind you its a modest rise but it is noteworthy because because all the other sectors they show a modest decline. Keeping in mind, on the report, all the numbers are still projecting to be very solid--just not as robust as 2020/2021.


Bottom Line

If you're thinking about selling your home in the near future, I would make my move sooner rather than later. If you're thinking of buying a home it may make sense to move this year rather than waiting till next year because looking at these numbers it appears 2022 will look a lot like 2021but with a higher interest rate. This will cause you to have less buying power and according to these numbers it looks like the prices will remain close to the 2021 numbers.

 

SkipSOLDMyHome.com with

Plum Tree Real Estate Marketing

Skip@SkipSOLDMyHome.com

850.221.6442








 

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