BiggerNews January: Our Top 2022 Housing Market Predictions

It’s time for 2022 housing market predictions! Recently, Redfin compiled a list of their ten top 2022 housing market predictions ranging from things like interest rate bumps, to rent hikes, housing price cooldowns, and more. But, are these predictions realistic, and if so, how should investors prepare for them to come true?

David Greene and Dave Meyer are back again to take a look at five of these ten predictions and give their informed, battle-tested opinions on which have the potential to come true. Dave has spent probably every day of the past year looking at housing market data and investing himself. David on the other hand has been running multiple businesses in the real estate vertical, allowing him to see directly what is happening in the market.

With the Dave-duo back in the podcasting saddle, you’ll be able to make wiser investment decisions this year while following the “pendulum swing” of wealth-building in real estate!

Have a happy, healthy, and wealthy 2022!

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Check Out Redfin’s Full 2022 Predictions List:
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The Best Real Estate Markets For 2021-2022:
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The Ultimate Guide to Investing in Condos and Townhomes:
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How Do Interest Rates Really Affect Your Investments?
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Connect with David and Dave:

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Episode #553

0:00 Intro
2:47 BiggerPockets Podcast 2022 Schedule
7:44 1. High Interest Rates and Price Cuts
16:35 2. A 10-Year High for New Listings
24:39 3. Rents Will Increase by 7%
27:41 4. Homebuyers Will Relocate to Small, Affordable Cities
30:59 5. Condo Demand will Take Off
40:10 Investing in The Metaverse
46:01 Prepare for 2022!

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[norsefalconer]

Jump to 7:45 if you want to skip all the blah, blah, blah.

[t-techvids]

I love how no one's talking about the property taxes. Yes, your mortgage rates might stay the same, but your escrow account needs to grow to pay for the increasing property taxes. So your monthly payment will increase. With the value grown so much, many of us will probably see a big tax increase for 2022...

[jillyanmacmorris]

Love the “David and Dave” dynamic! I’d love to see another show about HOAs and how to evaluate/participate because I live in a market where condos are one of the only options for starter investors like me!

[ChrisGuynn]

The mindset episodes were some of the best episodes. So much excellent information from wildly successful folks outside the real estate space.

[Andys_Auto]

They should make this version of the podcast "The David and Dave Show" lol

[paulwilliams]

I missed Brandon he brings alot of energy and life to the program !!

[Joelegolvan]

Redfin is always bearish. Zillow is bullish. The truth probably is somewhere in between…

[life.right.now.simplified]

Could you revisit this topic being that the Fed just had a meeting yesterday about raising interest rates? Any opinion changes?

[dfrank]

Great episodes lots of wisdom nuggets. Gracias

[Kraxe_Collectibles]

I want a show on expensive markets like LA, NYC, etc. a breakdown of how to win or why you shouldn’t even try unless you have “x”

[discoveryoutdoorskcfishing]

Interest rates will continue to climb and so will inflation since the government uses inflation as a key to control debt payoff to falsely make them look good on paper.

Expect higher inflation and increases in interest rates as well as taxes across the board.

New home building will continue due to overall housing shortages but the amount of new houses could vary greatly depending on supply and demand issues with material.

Ironically if supply issues continue and material continues to rise so will the prices of houses based on that as well as other factors.

I do think rent will continue to increase as well. It kind of correlates hand in hand with the market and prices which I expect to continue to go up due to inflation, interest rates and building material cost.

[vincentbailey]

I actually enjoyed this new style of BP! Hell yes David! Keep it going

[virtualtours]

These biggernews podcasts have been my favorite type of podcast you all have done in a very long time. Keep them coming! 🙌🏼

[Turb]

If houses were $12 and a pack of smokes with 18% interest (like back in the 80s), I’d jump on that 😅. The same house from the 80s is up to 10x the price today. The same house from 2-3 years ago are almost 2x. Interest rate will have an effect on the long term appreciation unless you plan on wages going up to keep on pace and in that scenario inflation is still out of control. My corporate job does a 3% raise max, yearly. House prices have been 5%+ for many years and last year was 15-20%. Younger generations will be forced to move to outskirts if they are lucky enough to afford the 400k starter home. (Millennial, first time homeowner in Oregon outside the Portland metro.)

[JohnDoe-fmmd]

The only thing I don’t love about this podcast is the 20 min at the start of each that could be done in 3

[zemog]

Do you recommend a heloc? I have about 50k in equity in my house and I don’t live in it I currently rent it out I want to invest in a duplex and I could use the money from the heloc as a down payment

[OPTIMAL.SOLUTION.ALLIENCE]

Most people like Dave because he is giving info for begginers. Brandon got his audience at the start when he was on the same wave as starters. His story also was relatable as he didn't have good job. David on the other hand is good but still is doing it as a cop, a bit aggressive. Their advice to analyze deals according to your own grounds is priceless. Too bad they don't account for it when they give ua the info

[user]

Top ramen was 11c when I was a teenager

[marlenelara]

Excuse my ignorance but what that hack is meta verse of RE

[jillyanmacmorris]

I also wonder if there could ever be some subject matter on the city of Chicago. It’s one of the biggest cities in America, but I almost never hear it mentioned on BP. I’d love to hear how it falls within some of the big themes we talk about. It doesn’t get mentioned alongside other big cities and of course not in the small cities that are growing.