The ball has dropped and so have the predictions for the 2022 Roseville real estate market!
While I don’t have a crystal ball…I do have a disco ball, data, and predictions from some of the leading market forecasters…which is amazing.
If you’re thinking of buying or selling in the Roseville area and beyond in 2022, bookmark this blog post and email or text me with any questions you have!
For starters, Danielle Hale, Realtor.com chief economist said. “We expect a whirlwind 2022 for the housing market.”
So what does that mean? Isn’t the Sacramento area already in a real estate whirlwind?
Well, here is a summary of this year’s market predictions:
Don’t wait to buy real estate, buy real estate and wait – Roseville, CA home prices are still on the rise after 2021 highs.
Sacramento area buyers who didn’t find a home in 2021 are going to want to lock in their interest rates sooner than later this year as mortgage rates are expected to see a gradual uptick.
That means putting your home in Sacramento, Roseville, Rocklin, or the surrounding areas up for sale earlier in the year rather than waiting until Spring might be a smart move to capture those buyers.
If “buy my first house” is on your list of 2022 goals, you’re going to want to be prepared sooner than you think. With 45 million + millennials at prime home-buying age, the market is expected to remain competitive in Placer County and surrounding areas, especially in entry-level price points. Having a full understanding of your home buying budget, areas you want to buy in, and identifying your specific wants and needs in advance is going to be critical to compete with other buyers in this year’s market. We have strategies that can turn your financed offer into a CASH OFFER that can help you secure your dream home in Roseville or the surrounding areas.
Builders that are ramping up production will create a small increase in housing inventory which is good news for buyers. In this market, every house counts!
Renters in the greater Sacramento area going to want to fire their landlords! Rent is projected to increase 7.1% which will be a strong motivator for first-time home buyers.
Overall, many experts predict rising mortgage rates, rising home prices, and rising rent that will continue to make housing affordability in Sacramento and beyond an issue in 2022.
The best advice I have for you this year is to have a Realtor in your back pocket who can keep you up to date on the local market and help to prepare you as much as possible for your 2022 real estate goals. If you want to stay in the loop on the local Sacramento or Placer County market data, reach out and we can send you the most up-to-date market data available. When it comes to buying or selling a house, knowledge is power!