La Quinta’s Real Estate Outlook for 2022 – The real estate market during 2020 and 2021 has been record-breaking, and if you have tried purchasing a home in the Desert during this time, it could be described as frustrating! Many buyers have missed out by being outbid or too many offers on one property.
area who has a home listed in this frenzied market, buyers are eager to get their offers accepted and may submit a cash offer
Home buyers may have felt more determined in November to purchase before 2021 comes to an end and mortgage rates and borrowing costs increase, as largely is forecasted to happen.
As the year draws to a close, there are encouraging signs that suggest the housing market will remain solid in the upcoming year. Rising homeowner equity, higher demand for second homes, and the improvement in investor sentiment are all good news that point to a promising 2022. Low mortgage rates expected for the year ahead should also help increase homeownership opportunities for buyers of all ethnic background. There are potential headwinds, nevertheless. Inflation will remain a concern in 2022 as long as supply constraints continue to be an issue, and the impact of Omicron to the economy is still an uncertainty.
