What to Expect in Commercial Real Estate in 2022
The United States will still have a scarcity of affordable homes in 2022. Because of this, home prices will keep going up, driving fewer and fewer people into the buyer's market. Moreover, as home prices continue to climb at a higher rate than salaries, it becomes increasingly difficult for many Americans to save for a down payment. Thus, many will continue to rely on the rental market . Simultaneously, home prices in secondary and tertiary sectors will rise more. The housing market is predicted to continue increasing even though interest rates remain low and inflation will moderate. Despite high construction expenses, the number of single-family home starts is expected to surpass 1 million in 2022. Further, population movement will persist as more individuals seek cheaper significant cities that offer access to nature and a rising job market. Based on these indicators, it is likely that the housing market will continue to thrive through at least 2022. Furthermore, investors will i...