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

Real Estate Training & Coaching School

Business News, News, Careers, Business

4.4 • 705 Ratings

🗓️ 17 November 2021

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

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

Transcript

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0:00.0	Welcome to Real Estate Coaching Radio starring award-winning real estate coaches and number one international bestselling authors, Tim and Julie Harris.
0:10.2	This is the number one daily radio show for realtors looking for a no BS authentic real-time coaching experience.
0:18.2	What's really working in today's market, how to generate more leads,
0:21.8	make more money, and have more time for what you love in your life. And now your hosts,
0:27.7	Tim and Julie Harris. And finally, we're getting to our 2020 predictions. Last couple days in the
0:35.7	show we have given you guys the preamble how Julie and I went
0:39.2	about formulating what our predictions were going to be, why we thought what we thought. And we also
0:43.2	gave you the breadcrumbs if you wanted to go and do the research yourself. Julia and I spent a lot
0:47.1	of time researching a lot of different, I think corners of the internets to discover the, you know,
0:53.8	the countervailing opinions about the economy
0:56.1	and housing and all the rest of it. But the truth is, is very, very rarely to Julie and I rely on
1:00.9	anything that's sourced from the real estate industry because the real estate industry is
1:05.2	basically like an echo chamber. So we do intentionally go and we look at other things that have
1:09.9	nothing to do with the industry.
1:11.6	And then we'll apply a little bit of, you know, maybe logic and a little bit of conjecture.
1:15.7	And then we come up with our opinions.
1:17.3	So some of the things we're going to be talking about of the next, well, probably with the rest of this week, about our 2022 real estate predictions. They're going to be unconventional in the sense that if you're just reliant on going to gnar and inman and the usual, you know, websites, which are fantastic
1:31.5	for your content. These are going to seem a little bit more cerebral, and that's by design.
1:36.3	So have your mind open to what we're going to be sharing with you. And again, we're going to
1:40.1	give you guys our opinions or our predictions, they were going to tell you why we might be
1:45.7	wrong. Yes, that's right. So we can have kind of a balanced approach here. But I would say generally
1:50.5	speaking, we are quite positive about 2022 and moving forward into the near future. Oh, remember,
	...

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