What Will the 2022 Atlanta Real Estate Market Look Like?
Posted by Hank Miller on
Although it’s become all too common to hear “…once in a lifetime” or “…once is a hundred years”; the 2020 market and most aspects of the 2021 real 
estate market could be described in those ways. No one anticipated the impact of Covid and the subsequent impact of billions in government subsidies. But now the brakes are being applied and economists wonder, what will the 2022 Atlanta real estate market look like? Something has to give...or maybe not. At this point in the '22 market (Mid Feb), nothing has changed. In fact, the tempo has increased ahead of rising mortgage rates, which are already a point higher than last year at this time. Just a month ago, we posted that home buyers will be frustrated, that's largely confirmed at this point.
Despite the…
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traditionally slow, the big influences on the market were inflation levels unseen in 40 yrs, supply chain shortages, labor issues and of course the rise and run of the omicron covid variant. That is best described as an endemic; like the flu it's evident that the covid situation isn't going anywhere. So despite all of that, we did have a 4th qtr housing market report for Atlanta and it read much the same as the rest of 2021; record low inventory and frustrated buyers. What lies ahead for 2022? Well we know rising rates; as this is written in mid Jan, rates are already up from a few weeks ago and they will…
record high inflation, planning at least three rate bumps for 2022. The prognosticators are out there already making bold claims; you can find the overt optimists and you can find the dark pessimists. So what's in store for home buyers and sellers that have to make a move this spring? Well given this environment, we’re not going to look much past the first quarter or so. Buyers will again be challenged and sellers will reap the reward…until they become buyers. As usual,…
