The 2022 real estate market will look drastically different than it does right now. We predict that the housing market will be more expensive, buyers will be more cautious and increase foreclosures. This blog post is all about the 2022 housing market trends you need to know!
Main Changes In The Real Estate Market
The cost of rent will continue to increase as the demand for housing grows. More people are moving to central Florida, and the current housing stock cannot meet the demand. This will inevitably lead to higher rents across the board.
The home buying rate is also going to change in 2022. Buyers will be more cautious and only purchase homes that they can afford. The days of purchasing a home with no money are coming to an end. Additionally, interest rates are predicted to rise, making it even harder for buyers to afford a home.
Finally, we predict that there will be an increase in foreclosures in 2022. This is due mainly to 2 factors: rising interest rates and increasing costs of rent. This means that potential home buyers will not be able to afford their current homes, and they may opt for foreclosure instead of an increase in rent or interest rates.
Base the 2022 real estate trends on how the Central Florida housing market is expected to look like in 2022 – the increased cost of rent, decreased buying rate, rising affordability issues, and higher foreclosures rate.
Compared to last year’s market trends, the number of houses sold increased by 0.8% in September 2021. Also, DOM data shows it has decreased to 14 days compared to 18 days in 2020.
Home Buyers, An Excellent Alternative
One of the most exciting real estate trends from 2022 is that more and more people are buying homes. In fact, in recent years, house-buying companies have positively impacted the housing market.
This is because they make it easier for people to buy homes without going through many red tapes or dealing with a lot of stress. As a result, many people can purchase their dream home without any problems.
Work With Central Florida House Buyers
Deciding to sell a house is an important decision that varies on different factors according to the situation. If you’re looking to sell your house without making any repairs or modifications, then selling to a house buyer is the best option for you. CFHB makes the best house cash offers in Central Florida.
When working with Central Florida House Buyers, you’ll receive a fair offer for your house and experience a stress-free selling process; we make it easy for you! Don’t hesitate to contact us and learn more about our buying process; call us today!