The 2022 housing market is constantly on the move, so it is important to keep an eye out for changes, trends, and new developments as they emerge. Many factors affect the 2022 housing market, from the price of lumber to to the policy decisions of the federal reserve. Like other sectors of the economy, the 2022 housing market is experiencing its own supply chain issues, with high costs of raw material and a consequent inability to fill demand. This is leading to tight market conditions that can be good for sellers, or just favor the buyer who comes prepared to make the fastest offer.
Another trend to pay attention to is the expectation that home prices will continue to rise in 2022, a trend which will benefit homeowners while negatively affecting first time buyers. This trend can be an advantage for sellers who have owned their home for some time, but it could make moving more difficult without more homes for sale on the market. The possibility of remote work untying people to a single location could allow people to move from high cost of living areas, but this is not something that has had a significant impact yet, as there are still very few homes being offered.
Wherever you are in the home buying process, the first step is to find out how much you qualify for and that begins by meeting with a professional lender. Reach out to the Mortgage Mom today.
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Find Out More About the 2022 Housing Market
If you’re interested in market trends and when it’s a good time to buy or sell real estate, have a listen to my weekly radio show, “Good News in Real Estate”! It’s on live Saturday on WPHT 1210 at 1:00 PM, or you can listen online and revisit previous episodes.
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