4 Housing Market Trends to Watch in 2022

For homebuyers, the real estate market in 2021 was like a rollercoaster ride with unforeseen twists & turns. While the bumpy ride isn't over yet, real estate analysts believe the market will ease up on first-time buyers. The post mentions real estate trends that experts think will affect the real estate market in 2022. Let's take a glance at them:

1.   More Stress on Mental Health Spaces and Features

To put it mildly, the previous two years have been challenging. As per the experts, creative health designs will be popular in homes in 2022. Premium properties will have features such as spa-inspired restrooms and meditation rooms. Besides, natural light will be prioritised, particularly in home offices and shared spaces. Indoor plants will also be used to design homes.

2.   More Buyers Will Buy Home but It Will be a Seller’s Market

The reason for this trend is pretty simple – limited inventory. According to experts, inventory will remain tight, and 2022 will remain a seller's market. So, the scope of negotiation for real estate prices tends to be very less. However, according to some leading real estate websites, the market will recover from its 2021 lows in 2022, with inventory increasing by 0.3 per cent on average.

3.   There Will be a Surge in the Demand for More Space

The pandemic has changed the perspective of ‘living as per the income.’ New homebuyers are now looking for real estate properties that offer more space. For the same, they are not hesitant to explore options in suburbs. As a result, properties in suburbs are in high demand, and new construction is growing in size.

4.   Buyers Will Make Compromises

The pandemic shattered the world economy and affected every sector and the case of real estate is no different. Because inventory is still scarce in this hyper-competitive housing market, finding "dream homes" that meet all of your needs (and wishes) is difficult. As a result, buyers are likely to make a compromise with the available options.

So, these are the 4 main trends to watch in 2022.