Housing Trends 2022

LOCATION LOCATION LOCATION is still heavily relevant in the real estate market today, it just looks a little bit different.

2020 is still shifting what people want in a home. *Cue "So tell me what you want what you really really want"... I'm going to tell you what they want!

With many jobs still remaining at least partially remote, the commute to the office is no longer a top priority for home buyers which is one reason why we're still seeing so many buyers prefer the suburbs.

Buyers now have more flexibility in the location they choose to call home (aka now they can choose a home because it's closer to Target vs closer to the office)! After all, they need to go to Target for all the work from home essentials required for their new home office space (also still a WANT for many buyers).

While more space is also what people WANT, housing affordability might cross that off the wishlist (or at least knock off a couple hundred square feet). But remember, bigger doesn't always equal better! You can still find a perfect size home for your needs!

Lastly, the housing inventory might be getting better but it's still projected to be limited - womp womp.. Combine that with high and rising home prices means the home buying process could still be challenging for buyers this year (BUT 100% POSSIBLE! So don't give up)!

Just get started sooner rather than later to set yourself up for success!

SOURCE: realtor.com