In 2022, we anticipate that the strong seller’s market will continue, the Sun Belt will remain the most sought-after region, and flexible work options will continue influencing home purchase decision-making.
IBuyers are companies that purchase and own homes. iBuyers buy houses at a discount, repair them, and then resell them to the general public for a profit.iBuyers makes home buying and selling easy. Because they have a lot of cash, they can streamline processes and close more quickly. This sector is expected to grow over the years, as significant international capital is pouring into these companies.
The Housing Market Will Be Affected By Political Uncertainty
The presidential election year was an intense period, leaving consumers feeling uncertain and fearful. Additionally, those who were disappointed in the election results can now relax knowing Congress has been split. Wall Street enjoys gridlock in Washington since it guarantees little change.
Millennials and Gen Zers Are More Likely To Buy a Second Home
As remote work becomes increasingly popular, Americans are moving into larger homes in more affordable markets, but many do not wish to commit to relocating permanently. For young people who are drawn to the amenities of an apartment living in a city, where expensive housing makes homeownership less feasible, this is often the case.