What is the Prediction for the 2022 Housing Market?
Posted by Jeff Brooks on
Thoughts about The Market
Predictions are flying about what to expect from the 2022 housing market. Here is a concise article from Bankrate on the 2022 National Market Outlook and anticipated trends. The five summary points in the article are:
1) Interest rates will be going up
2) Price appreciation may be slowing in some areas and some markets
3) Affordability remains a challenge nationally
4) iBuyers continue but not as aggressive
5) Latino home buying gains momentum
Our Gulf Coast market typically behaves a bit differently than the national market because we are a destination and resort market with many second homes and coastal vacation rental investments. However, it's always good to watch the national trends and compare them to…
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Windemere Condominiums in Perdido Key, Florida recently underwent a massive renovation. This development has been provided a major facelift to the tune of over $5,000,000, and virtually every inch of Windemere has been upgraded and brought to the highest of building standards. At the same time, because of the addition of hurricane protective materials, such as windows, and doors, reduced insurance costs for owners led to a thirty percent reduction in condo dues as of January 2014.
If you're planning to buy a condo in Orange Beach or Gulf Shores, Alabama, there are certainly many fantastic options to choose from! Each building will have a different combination of recreational amenities and features, its own unique views, and various degrees of waterfront and beach access. If you are downsizing or retiring, or maybe buying a condo as a rental investment property, here are a few important things to know and review as a smart condo buyer!