2022 Real Estate Market Prediction…
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The speaker provides a prediction of what the real estate market will look like in 2022. They define and explain five key terms: supply, demand, appreciation, mortgage rates, and equity. The speaker then discusses the four reasons why 2021 was a hot year for the real estate market, which they will use to make predictions for 2022. The low supply of houses is a significant factor in the current real estate market, and the speaker predicts that the supply of houses will increase slightly in 2022 due to several factors, including more people wanting to move and foreclosures and evictions going up. The speaker also believes that demand will increase in 2022, as more people are getting used to the new normal and planning to move. The speaker predicts that the government will do what it can to keep the real estate market afloat in 2022, as they have realized the market's significant impact on the economy. The speaker believes that the real estate market will remain strong in 2022, with a slight increase in supply and demand and a slight increase in mortgage rates. The speaker debunks the myth that the real estate market is in a bubble that is about to burst and explains that the high prices of houses do not necessarily mean a crash is imminent. The speaker predicts that the market will remain strong for a few years, but it may not be as hot as it was in 2021.
The speaker provides a prediction of what the real estate market will look like in 2022. They define