Housing Market Trends in 2022: What to Look Out For

Housing Market Trends in 2022: What to Look Out For

In the coming year, we’re sure to see a continuation of the current ebbs and flows that come with riding a housing market wave that at times can be a little hard to predict. However, we’ve been riding this wave for some time now! Since the onset of the pandemic in 2020, the housing market has seen fluctuations and occurrences that have been pretty unprecedented, and has been highly impacted by the ‘new normal’ way of doing things, including how people work. 

As the market continues to change and make adaptations to fit the new normal, what can we expect from the coming year? Let us run you through all of our predictions for the coming year so you can make the right decision for you and your family when it comes to not only purchasing a new home, but in figuring out what to consider when looking for your new home. 

 

2022 Housing Market Predictions

So what’s in store for the 2022 housing market? Many predictions point to the market continuing to be heavily impacted by many working environments going permanently remote. These days, more and more offices are allowing employees to either continue to work-from-home, as they have for the past 2 years, or opt into hybrid working arrangements, which would only see them come in a couple of times a week to the office. 

However, with so many people going permanently remote, and so many jobs offering remote working as a perk to attract prospective employees, many people are either staying remote or seeking out permanently remote opportunities. This, in turn, allows employees to no longer be tied to their commute, or to their office or headquarter’s location.

Moving for Self, Instead of Work


It’s because of this phenomenon that more people than ever have been leaving crowded, expensive areas for more affordable and spaced out areas, whether that’s the suburbs or to the country. People are now making housing decisions based on what they want and what’s right for them, rather than what’s most convenient for their job or commute. 

As a result, a lot of housing markets have become red hot, and prices of homes have been driven up due to higher demand. This has only been exacerbated by the low inventory of homes up for sales, as sellers haven’t trusted the stability of the market enough to put their homes up for sale. This ‘seller’s market’ will probably continue into 2022, but forecasters are expecting to see a change begin to come as more houses go up on the market this year. 

 

No In Betweens!

It seems that those who are making moves to more affordable or more ideal areas for them are opting to make longer-distanced moves, including out of state ones. However, for those committed to city living, they’ll be moving more based on the individual home they’re interested in, rather than location. It’s predicted that for city dwellers choosing to stay as many others leave, that they’ll either stay in their current spots or move close by. 

So what do these housing trends in 2022 mean for buyers? As always, you’re going to want to do your proper research to ensure that you’re both ready to buy a home, and that you’re getting the best prices and affordability for the area you’re looking in. Already looking to make the move this year? Look no further than Fuller Moving Services for unparalleled customer service and transparent and stress-free moving and storage services. 

 


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