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| 02/25/2022 |
Today let’s take a look at the forecast for the 2022 market. Right now, it looks like the word of the year will be “fascinating.” Inventory, interest rates, and inflation will all play a big part in our market. Here’s a look at what the future has in store for us:
Inventory in 2021 was sparse, to say the least. If a home came on the market at a halfway decent price, it was gobbled up before you could blink. I anticipate that at the beginning of 2022, we’ll see a lot of the same. Inventory may rise later this year as interest rates increase and demand falls.
Speaking of interest rates, the Federal Reserve has announced that interest rates will begin to rise in 2022. They’ve already increased a little bit, and they’ll probably be even higher by the end of the year. Right now, they’re floating in the mid 3% range, which is still a fantastic deal. We may see an influx of buyers trying to take advantage of our great rates while they last.
Last, let’s talk about inflation. The other day, I saw an article that claimed inflation had increased to a 39-year high. At this point, it’s clear: inflation is here to stay, at least for the near future. Rates will increase to combat this, and while this is bad news for buyers, it could bring some much-needed stability to our market. No matter what happens with the three I’s, one thing is for sure—2022 will be fascinating. If you have any questions about how you should navigate our market, give my team a call or send us an email. We’d love to help you!
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©2022 Georgia Multiple Listing Service All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than CENTURY 21 Results may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2022 All rights reserved.
Northeast Georgia Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than CENTURY 21 Results may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2022 All rights reserved.