Key Takeaways:
- The historic low housing inventory creates value opportunities in competitive housing markets.
- Anticipation of new home listings to hit a 10-year high as some owners see right now as the best time to sell.
- Condo and rental demand are likely to surge as inventory supply chain issues impact the housing market.
This Year Will Bring Balance to the Housing Market
After two consecutive years in which words like “unprecedented,” “historic,” and “white-hot” have been buzzing about, we can now add “inflation” to the list.
What is inflation, and how will it affect the real estate market in 2022?
Real estate is not immune from the inflationary effects of declining purchasing power on an economy. When prices go up, so do the costs associated with real estate. In a nutshell, that’s how inflation works; like a rising tide lifts all boats, so does inflation with rising costs. However, there are always reasons to be genuinely confident in real estate’s proven ability to hedge against inflation and be profitable.
Here are three particulars and tips to help you navigate these inflationary waters and better prepare you to make your move when you decide it’s time to do so.
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