Thanksgiving Special, Redfin's 2022 Market Predictions

Full Video Version:

https://www.facebook.com/RealEstateRadioHour/videos/636368214045552/

Happy Thanksgiving!

What are we grateful for in the industry?

Client Appreciation

Stump The Realtor (Game Time)

Reacting To Refin's 2022 Predictions

https://www.redfin.com/news/Housing-Market-Predictions-2022/

Prediction #1: Mortgage rates will rise to 3.6%, bringing price growth down to earth

Prediction #2: New listings will hit a 10-year high, which will hardly make a dent in the ongoing supply shortage

Prediction #3: Rents will increase by 7%

Prediction #4: Homebuyers will relocate to affordable cities like Columbus, OH, Indianapolis and Harrisburg, PA over the Sun Belt

Prediction #5: People will vote with their feet, moving to places that align with their politics

Prediction #6: Condo demand will take off

Prediction #7: Homebuyers will take climate risks seriously

Prediction #8: Housing policy will become central to political battles about climate change

Prediction #9: iBuyers will focus on perfecting a niche service instead of market domination

Prediction #10: The DOJ will crack down on how real estate agents are paid