Will it CRASH or BOOM! 2021 & 2022 Market Predictions.
Are you considering buying or selling in the next year or two but don't know if it's the right time?
Are you concerned about paying top dollar just before a market crash?
Are you concerned about waiting and having to pay 10 or 20 percent more a year or two from now?
All these are valid concerns because no one can predict the future with 100% accuracy. With that said, an educated guess based on market statistics and the expectations of real estate professionals can indicate trends that can be trusted with reasonable confidence. The National Association of Realtors® Realtors® Confidence Index Survey was recently publish providing insight into real estate trends in 2021 and 2022. If you would like to download the survey DOWNLOAD IT HERE.
So, what do the trends say?
Home values in 2021 and 2022 will continue to increase!
Supply and demand continue to drive the market and demand continues to remain much higher then supply though many expect an increase of supply in 2022.
- 59% of Realtors expect home prices to continue to rise between 1% - 20%
- Existing home sales and newly built home sales will continue rise in double digits
- Mortgage rates will remain near historic lows
- Home prices will continue to rise
- The number of buyers and sellers will remain strong
- The number of home sales will continue to increase
It’s more of the same.
Expect a market similar to what it has been for the past few years.
- Many buyers competing for one house
- Sellers getting top dollar and multiple offers
- Homes selling in days not weeks or months
- Home prices continue increase
Is the housing market going to crash in 2021 or 2022?
It’s pretty unlikely. Homes have increased in value by more than 20% already in 2021 and, though things may slow in 2022, values are still expected to continue to increase.
So, how can you buy or sell with confidence?
“Don’t wait to buy real estate, buy real estate and wait.” This famous quote often attributed to Will Rogers is still sound advice today. No matter what the market, waiting is rarely a good thing when it comes to real estate.
With that said, there are many individual reason affecting when and when not to buy. One thing is sure, you need a trusted real estate professional to help advise you. Military Home Services is that trusted real estate professional. Realtors® in our network have been vetted for their experience, reputation and passion to help military members, veterans and their families. In addition, we are your independent advocate. We are their to help from your enrollment to your closing.
If you are considering buying or selling, enroll today and get the help you need to move forward. ENROLL HERE