Blog

5 reasons to be optimistic about the 2022 housing market

For almost the past two years, real estate professionals have been riding the housing boom to record sales and transaction volume. However, as home prices reach astronomical levels, some experts, agents and economists have warned of another housing crash that could rival the Great Recession.

Although those concerns are grounded in some concerning data trends, National Association of Realtors Chief Economist Lawrence Yun told Realtors Conference & Expo Conference attendees on Friday that industry members have more to celebrate than to fear in the upcoming year, thanks to several headwinds that could aid homesellers and homebuyers alike.

Here are five insights that signal a solid 2022 is ahead.

 

No, a housing crash isn’t on the horizon

The skyrocketing home price growth of the past year has triggered worries about another housing crash. Although current home price trends are indeed on par with what happened before the Great Recession, Yun said controls around subprime lending, low mortgage rates and robust demand from qualified buyers will stave off a collapse.

Work With Us

With 18+ years of experience in the South Florida Real Estate industry, Madeleine has made her mark as a top agent and broker. Her solid perspective of what is happening in the market along with the cutting–edge resources offered by Compass are the ultimate combination for success.
Contact Us
Follow Us