New year, new trends. However, these can affect the way real estate works. Want to sell your property this year? You need to be aware of some trends that specialists report to make a smart move. If you stumbled upon this blog, you’re in luck!
We’ll go through 4 must-know real estate trends and what they mean for the industry. We highly suggest you notice which of these trends apply to your situation; keep reading!
Stay On Top Of The Game & Know The Top 4 Real Estate Trends In 2022
- Increased Cost Of Rent
Rental demand is increasing and will continue to do so. Rising home costs delay renters’ intentions to buy a home. While looking for a new house, home sellers are renting.
Many people who relocate for jobs will rent while adapting to their new surroundings. When the pandemic diminishes, more people will prefer to reside in cities where renting is more frequent.
- Home Buying Rate
Since last year, the housing market hasn’t been able to meet the demand of people wanting to purchase a home. For this new year, house prices are expected to continue going up. But even when the prices are increasing, it’ll be a better option than renting.
Americans are finding it more difficult to afford homes due to rising prices. Only 56.6% of the homes sold in the third quarter were within reach of average-income families. The affordability crisis is especially severe in California, where property prices have risen far beyond the grasp of most employees.
While there is a chance that there’ll be a lot of foreclosures this year, the number is expected to be much fewer than in the typical housing market, which means that investors may be able to get a great price on a foreclosure house.
Home Buyers Are A Great Option To Sell Your House
OC Home Buyers provides real estate solutions to homeowners. We’re a home buying company in Mesa, CA. You can avoid foreclosure and get a fair cash offer with us. We give this offer based on the current condition of your home and without asking you to make any repairs.
As OC Home Buyers, we care about our clients and their goals. When we give you an offer, you decide if you take it or not. Our process is quick and easy, so what are you waiting for? Head to our website, fill our form today, and get a house cash offer!