2022 Real Estate Predictions - No Housing Crash, 16% Appreciation [Real Estate Training]

Today's Real Estate Coaching Radio is part 3 of 2022 Real Estate Predictions. 2022 Housing Prediction #1: First things first, no housing crash or correction is on the horizon. All factors indicate a strong housing market in 2022- 2023. There will be cooling of home prices in some markets, but no crash is expected. Again, no housing crash is predicted. 2022 Housing Prediction #2: Homes will continue to appreciate (aka Inflate) at historic rates. Goldman Sachs predicts a 16% increase in 2022. In times of inflation, hard assets like real estate are the safe havens vs leaving your money in the bank. Also, consider the effects of the Millenial and Baby Boomer generations on housing demand. Baby Boomers will be leaving TRILLIONS for dollars to their children. From Forbes: "A study shows that Millennials will hold five times as much wealth as they have today and the group is anticipated to inherit over $68 trillion from their Baby Boomer parents by the year 2030. This will represent one of the greatest wealth transfers in modern times." From MBA: "...the Mortgage Bankers Association, an industry trade group based in Washington, D.C., which recently published its 2022 forecast . While the Mortgage Bankers Association foresees the median price of existing homes posting a 15.3% year-over-year gain to $362,000 in the first quarter of 2022, it sees prices beginning to fall as the year progresses. The group expects the median price of existing homes to end 2022 at $352,000..." Counterpoint, what could cause home sales to slow? - Interest rates actually spike higher than expected and slow the housing market, but this is unlikely. However, this is incredibly unlikely and would require a sea change to the prevailing political and Fed approach. - Many are fearful of a conflict with China or another highly disruptive factor that creates uncertainty. Uncertainty leads to an overall lack of confidence. When people are feeling those ways they tend to hold off any big decisions, like buying (or selling) a home. Important: 2022 top agent success secrets [ Revealed ]: New FREE Real Estate Coaching web event, revealing 17 surprising secrets of the top 100 $$ millionaire agents. Get your FREE spot for the 2022 Real Estate Coaching webinar now. After you have attended this event you will have a huge feeling of relief knowing you will FINALLY laugh at your money worries – You will have your own personalized 2022 Step-By-Step Real Estate Business Plan. Learn now how to generate 100’s of motivated leads for FREE, without coming off as a pushy salesperson and losing your soul. You will soon know how to become one of the 1000s of agents making HUGE money who never thought they could. https://timandjulieharris.com/webinar-reservation.html 2022 Housing Prediction #3: To be very clear, home sales velocity will continue to be strong. We’re already seeing that as more homes come on the market, creating higher inventory levels, the Days on the Market are virtually unchanged. This demonstrates that demand is STILL higher than supply. National Association of Realtors is expecting home sales to exceed the highest year on record which was 2006. Counterpoint? The sales velocity could slow if inventory drops to the point where there’s just not enough available inventory. New construction and the tech-enabled remote working trend can close the gap. The shift to move away from cities is continuing. Listen to tomorrow's show for Predictions 7-12