Wednesday, January 12, 2022 / by Cindy Bunch
What Do Homeowners NEED to Know Going into 2022?
If you’re a homeowner or want to be one soon, you’re probably wondering what 2022 holds for the housing market. Realtor.com published their 2022 Housing Forecast and it indicates that home sales are set to continue to increase. Factors like inventory, affordability, and buyer behavior are key in what lies ahead for the new year. What does this mean for you if you’re looking to buy or sell a house in the next year? We break down these key factors to help you understand what 2022 holds for real estate.
Inventory and Home Prices
A growing economy and declining unemployment mean more purchasing power for consumers. Because of that, the volume of home sales will continue to increase. Looking locally, Realtor.com predicts year-over-year sales growth of 10% in the Atlanta area.
Over the past decade, home prices consistently increased in response to an ongoing shortage of single-family homes. Then in the past 18 months, despite the uncertainty of the pandemic, we saw a ...
Inventory and Home Prices
A growing economy and declining unemployment mean more purchasing power for consumers. Because of that, the volume of home sales will continue to increase. Looking locally, Realtor.com predicts year-over-year sales growth of 10% in the Atlanta area.
Over the past decade, home prices consistently increased in response to an ongoing shortage of single-family homes. Then in the past 18 months, despite the uncertainty of the pandemic, we saw a ...