Housing Trends to Watch Out for in 2022
Happy New Year 2022 !! With a the new year now here, we’ve got new housing trends. This blog post shares the housing trends to watch out for in 2022. If you are curious about super LOCAL issues, your neighborhood, or your own home. Just give me a call and let’s talk.
A recent article from realtor.com outlined their team’s predictions for 2022’s major housing trends, including:
- Continued demand for suburban housing. 2020 and 2021 saw many people opting out-of-city life. They wanted more space and privacy in the suburbs. We expect this to be a trend to continue in 2022.
- Challenges for first-time homebuyers. In 2021, low inventory and high prices have made it hard for many first-time homebuyers to get into the market. And while available inventory is expected to increase in 2022, prices are expected to stay high. And when paired with rising mortgage rates, it may present challenges for many potential buyers hoping to purchase a home for the first time.
- A rise in demand for smaller homes. While many buyers want to buy large homes, affordability challenges may make some of those buyers rethink their strategy in 2022, increasing the demand for smaller homes—particularly for first-time buyers.
- A rising demand for multi-generational homes. May homeowners are looking to consolidate their family. We’ve seen a trend that a home buyer is looking to purchase a larger home that will accommodate them and their children in addition to their own parents too.
The Bohn Team at RE/MAX Professionals in Gainesville FL is here to serve you in any of your real estate needs this year. Let’s talk about the local real estate market in Gainesville.