mena-badros

mena-badros

What's really happening in 2022 ?!

1. Interest Rates:

Mortgage Interest Rates to rise to around 3.6% by end of 2022

2. Prices

Prices will rise by 5 – 7% (compared to 15% in 2021)

3. Supply of Inventory:

Supply of inventory to slightly increase, but still a challenge of an inventory/housing shortage.

4. Demand of Buyers:

Demand is predicted to be strong, but not a frenzy. Strong, Solid Demand predicted with competition easing compared to 2021.

5. (un)Predictability:

Many experts cite Unpredictability to be high in 2022, as unforeseen world events, economic conditions and legal or regulation changes can greatly impact the housing market.

(Sources: Associations like National Association of Realtors, National Association of Home Builders, Companies like RedFin, RE/Max, Coldwell Banker, CoreLogic, Fundrise, and Forbes, and universities like UPENN Wharton)