The 2022 California real estate market is going to be an interesting one. We’re seeing some changes in the housing industry that will affect your buying power and how much house you can afford. Here are some of our predictions for what to expect when it comes to the real estate market in 2022.
What will happen in the Housing Market & to Mortgage Rates?
1) Mortgage rates will continue to rise, but not as quickly as they have been recently.
2) Inventory levels will remain low, which means homes on the market won’t stay there long and prices could go up even more than expected.
3) There’s a good chance we’ll see another housing bubble burst by 2022 if we don’t do something about it now! If this happens, then you might want to consider renting instead of buying until things cool down again.
4) You should definitely take advantage of low interest rates while they’re still around! They may not last forever so make sure you lock them in before they go up again.”
Video on 2022 California Real Estate Market
These are just some quick thoughts on what we think might happen with the California real estate market over the next few years, but if you’d like us to do a full analysis, please let us know!
We love doing research and digging into numbers so we can give people accurate information about their future plans.
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