Indeed,a report in January from Zillow noted that homevalues were expected to grow 16.4% between December 2021 and December 2022; Goldman Sachs,in October,forecast that home prices would rise 16% through 2022. Fannie Mae says home prices will climb 11.2% throughout this year,followed by a more modest increase in 2023.
People also ask
What is happening to the property market?
This followed several months of the property market flatlining as the effects of the first national lockdown – combined with high levels of market uncertainty – resulted in people choosing not to move.
What will happen to commercial real estate as more people work from home?
What Will Happen To Commercial Real Estate As More People Work From Home? The coronavirus pandemic forced many people to work from home. NPR looks into what remote work from home could mean for commercial real estate. People are going out less and working from home more because of the coronavirus pandemic.
How much more real estate will we need in the future?
To make this worse, currently, there are 2.5 people in each household, but the IGR forecasts the average number of people in each household will shrink a little moving forward, meaning we are going to require about a third more real estate than we currently have.
What will happen to real estate in 2022?
The national median home price increased to $363,700 by the end of 2021! 4 That said, the rate at which they檙e increasing slowed down toward the end of the year. Both of those real estate trends will likely continue in 2022: Prices will likely go up more slowly than they did in early 2021, but they will keep going up.