Less visible markets gaining interest from homebuyers as permanent work-from-home arrangements are becoming more and more popular.
“Optimism” in Industry & “Weight of Capital Available for Investment” in 2022
Despite many economists predicting that home price growth and home sales will slow in 2022, other economists see the prevailing lack of inventory as a competitive driver for buyers into 2022 and beyond.
These “other” economists also see the gaining popularity of permanent work-from-home arrangements as a driver within the real estate industry.
Anita Kramer, senior vice president with the Urban Land Institute’s Center for Real Estate Economics and Capital Markets, said, “There is clearly an optimism within the real estate industry for its prospects in 2022 and there is undeniably a weight of capital available for investment.”
(Maximize your success in these 12 hottest markets. Register and participate in this new, free webinar offered by Tim and Julie Harris Real Estate Coaching.)
READ: 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 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. YES, I Want To Attend The FREE Webinar! <——Click To Register
Emerging Trends in Real Estate 2022 Report Points to 12 Hottest Market for 2022
PricewaterhouseCoopers and the Urban Land Institute just released their collaborative Emerging Trends in Real Estate 2022 Report. This report identifies its 12 hottest housing markets for 2022. Based on analysis from 1,700 industry experts, investors, fund managers, developers, property companies, lenders, brokers, advisors and consultants, this list was based on strong growth, homebuilding outlook, affordability and job opportunities.
Take a look at these predicted top 12 housing markets:
- Nashville TN
- 5-year annual projected population growth in 2022 – 1.3%
- 5-year annual projected employment growth in 2022 – 1.2%
- 5-year annual projected household growth in 2022 – 1.7%
- Great amenities, music, history, lower taxes and lower crime rates
- Raleigh/Durham NC
- 5-year annual projected population growth in 2022 – 1.3%
- 5-year annual projected employment growth in 2022 – 1.2%
- 5-year annual projected household growth in 2022 – 1.7%
- Affordability, ton of tech and science jobs, great universities, four seasons
- Phoenix AZ
- Population growth – 1.3%
- Employment growth – 1.7%
- Household growth – 1.8%
- Considered to be mini-Silicon Valley, business-friendly, affordable
- Austin TX
- Population growth – 2.0%
- Employment growth – 2.4%
- Household growth – 2.6%
- Booming job growth, ample land, pinching affordability
- Tampa/St. Petersburg FL
- Population growth – 1.3%
- Employment growth – 1.6%
- Household growth – 1.7%
- Affordability, tax friendly, infrastructure improvements
- Charlotte NC
- Population growth – 1.3%
- Employment growth – 1.6%
- Household growth – 1.7%
- Affordable, family-friendly, opportunities in finance
- Dallas/Fort Worth TX
- Population growth – 1.4%
- Employment growth – 1.6%
- Household growth – 1.8%
- Lots of jobs, tax-friendly, diversity
- Atlanta GA
- Population growth – 1.1%
- Employment growth – 1.5%
- Household growth – 1.4%
- Tax friendly, more affordable, generally nice weather
- Seattle WA
- Population growth – 0.9%
- Employment growth – 1.4%
- Household growth – 1.4%
- Income growth in tech sector, tax friendly, more affordable than Bay Area
- Boston MA
- Population growth – 1.3%
- Employment growth – 1.5%
- Household growth – 1.7%
- Life science and biotech jobs, great universities, great amenities
- Salt Lake City UT
- Population growth – 1.3%
- Employment growth – 1.5%
- Household growth – 1.7%
- 1 ranking in business and economy, family friendly, great culture, four seasons
- Denver CO
- Population growth – 1.1%
- Employment growth – 1.3%
- Household growth – 1.6%
- Mountain property investments, headquarter companies, great lifestyle
Thanks to National Mortgage News.