Since the onset of the COVID-19 pandemic in early 2020, the housing market has seen a lot of unprecedented highs and lows, and the effects of this were felt by many, regardless of whether they owned their home and were looking to sell. This also includes those currently renting, or looking to rent or buy a new home.
Over the past 2 years, the market has continued to evolve in ways that couldn’t be predicted due to not only the continuing pandemic, but offices world-wide converting to work-from-home setups for the long-term, and for some even permanently.
Many American workers in 2022 either permanently work in a virtual environment, or have the option to work in a ‘hybrid’ manner, and come into the office as they wish. For those who haven’t gotten to experience this style of employment, remote work has become highly in demand, and the job market is pretty competitive.
Due to employees not only permanently working from remote locations, but also due to the demand for continually remote work, the housing market has been highly impacted. So what does this mean for 2022? Let’s discover the trends predicted for the 2022 housing market.
As we stated before, the rise and normalization of permanent work-from-home environments has not only changed professional landscapes everywhere, but has also changed the housing market as well.
Because many individuals are no longer tied to one location for proximity to their job, no longer have to worry about a commute, and also no longer have to even consider their work when choosing a new home or environment, many are choosing to move to places ideal for them, instead of places that are convenient for their work.
It’s because of this that we saw many leaving dense, crowded cities over the last few years in favor of more affordable areas that offer larger homes or spaces for people’s value, and for places with weather or environments that appeal to those moving. This change in the market is one people had never seen before, and is expected to continue in 2022.
In the coming year, what we can most look forward to is an increase in housing inventory, or more homes going up for sale. Due to the volatile nature of the market in the past couple of years, people were less likely to put their homes up for sale, and were looking to wait until the market adapted to the ‘new normal’.
This seems to be happening more than ever, so sellers are once again starting to sell again. What does this mean for prospective buyers? Though home prices are still on the rise due to the lack of homes on the market, there will be less competition in the future for homes for sale, since there will be more variety. In 2022, the environment will still remain a ‘seller’s market’, of sorts, but prospective buyers can expect more choice, and less battles for available homes.
If you’re one of the many Americans who are looking to relocate to a space or environment suited to you, rather than suited to your commute, you’re in luck! There are tons of amazing homes out there surrounded by plenty of space (less COVID-related stress, anybody?), plus amazing weather and great things to do. You don’t have to stay in one place anymore!
Looking to give yourself a change of scenery, whether that involves moving into or out of our beloved city of Chicago? No matter what, Chicago Movers has your back for your Illinois move. Our affordable, customizable moving packages are unmatched, and our friendly customer service representatives will always have your back. Check out what we have to offer today!
Tony and crew were prompt and professional on the move out of our house and Terence and crew were prompt and professional on the move into our house. Very neat polite respected our furnishings and our time. A big shout out to Troy who was the lead mover on both…
My move went very well. All of the people working for you were great. That includes the office staff, the movers in Downers Grove and the movers in Goodyear. The drivers and movers on both ends worked diligently, carefully and did not waste any time. They were courteous and neat.
Thank you for your wonderful service. I wish I could remember the gentlemen's names because I would tell you how wonderful each one was. I use the term gentlemen because they were. So patient and efficient. I would definitely use your services again and would recommend Hollander Moving to friends…
Moving 3 times in 2 ½ years is not something Lynn would recommend to anyone. For us, it would have been impossible without the assistance of Chris and his crews at Hollander Moving and Storage. We’ve done home-to-home, home-to-condo and condo-to-condo moves. In each situation, we found Hollander’s staff to…
Overall we were very pleased with our experience with Hollander moving. Mr. Bello, our contact in Mexico was attentive to our needs and questions. The ATI packing team was outstanding. It was a pleasure to watch them work together--a real spirit of cooperation. The morning we were leaving Mexico we…
-Tom & Janice
Hollander Movers were better than excellent. My move from Park Ridge to Des Plaines went without a hitch. We even had to make a stop to pick up items from a storage locker. Nick's crew was very careful and professional and even helped with unpacking and hanging some pictures. If…
Yes, all the crew members were excellent. We would recommend you. The movers were work horses, very pleasant, and took care of all of our belongings with great care. We are waiting for a call back from Adrienne Ross about an issue. I spoke to her on Tuesday and she…
-Kay & Mel
We were very happy with our move with Hollander and will recommend to family and friends in the future.
Good company. Prompt, professional & friendly service. I would recommend them to friends.😊.