2022 Real Estate Trends: What’s Ahead for Florida Real Estate?
One of the big questions looming as we head into the new year is whether the Florida housing market will cool off at all.
Real estate drives Florida’s economy, and as the COVID-19 pandemic continues its second year, knowing what lies ahead in 2022 is key for homebuyers.
As part of this year’s Florida Real Estate Trends summit, Florida Realtors® Chief Economist Dr. Brad O’Connor shares his outlook for Florida’s economy and housing market in 2022.
“Florida’s residential real estate market flourished in 2021,” says O’Connor. “We witnessed the return of the spring buying season, which we missed out on in 2020, and it brought with it record levels of home sales in the Sunshine State. While there were some signs later in the year of the beginning of a steady transition back to our historical rates of sales and home price growth, an expected rise in mortgage rates never really materialized in 2021, leaving the market red-hot going into 2022.
A highlight of Florida Realtors 2022 Mid-Winter Business Meetings, the Real Estate Trends summit takes place this Thursday, Jan. 20 from 12:30-2:30 p.m. at the Renaissance SeaWorld Orlando.
“The information you’ll gain from our Real Estate Trends event offers valuable insight for your business in the year ahead,” says 2022 Florida Realtors President Christina Pappas, vice president of the Keyes Family of Companies in Miami. “This is a ‘must-see’ opportunity for Realtors and anyone interested in Florida’s future.”
There are two ways to attend the 2022 Real Estate Trends event on Jan. 20, either in person during Florida Realtors 2022 Mid-Winter Business Meetings or virtually. For more information, go to 2022 Real Estate Trends on Florida Realtors’ member website.
By Marla Martin from Florida Realtors