As yet another year rolls around the corner, you might be considering a move or relocation for a variety of reasons. Whether you want a change of scenery, want to head to a more affordable area or somewhere with more value for homes than in your current area, or if you just want to get away from your current area, there are plenty of reasons to head somewhere new in 2022.
So what’s the housing market purported to look like in the coming year, and how will 2022’s housing trends impact home buyers and renters? We’ve got all the answers for you.
2022 Moving Trends
In 2022, forecasters predict that though it will remain a “seller’s market”, that the housing market will see an influx of additional home inventory, which had been lacking in the past couple of years. Due to the onset of the COVID-19 pandemic in 2020, the housing market experienced a pretty destabilizing period which made sellers less likely to put their homes up on the market. This in turn created a very low amount of homes to choose from for buyers, and drove up prices due to competition.
Though housing prices won’t fall just yet, the increase of homes on the market will create more options for prospective buyers, and will lower competition for the few homes on the market that there currently has been.
Another trend that began directly as a result of the COVID-19 pandemic was the amount of people who relocated to areas more spaced out and more affordable for their money’s value in comparison to large cities or crowded suburbs.
Many home buyers also came in the form of those lucky enough to begin to work from home during the pandemic. Because of this remote environment, many people took their lack of commute or tie to a physical workplace as the perfect opportunity to relocate out of cities, and to destinations they’ve always wanted to live in. This created red-hot housing markets in many areas that had not seen attention like that.
With homes continuing to be in high demand, and people moving now more than ever as we begin 2022, the housing market is expected to heat up this year. As the market begins to be less volatile as compared to 2020 and 2021 and stabilizes following its adaptation to the new normal, things will begin to head in the direction of a buyer’s market, and will bring about increased housing inventory as people continue to look toward the suburbs and beyond.
This will also free up housing choices for committed city dwellers, who are more likely to take advantage of this by staying local, but upgrading their space.
If you’re looking to move in 2022, it’s important to do your research and figure out not only what area and homes are right for you, but what moving company is right for you and your needs. For all things moving in 2022, look no further than Reebie Storage & Moving Co. We’ve got the best moving packages and unparalleled customer service for your local, long-distance, or international moving needs.