2022 Economic Outlook from Lawrence Yun: Taking the Good with the Bad

NAR's Chief Economist Lawrence Yun is always on top of the market and predicts that investors and move-up buyers will keep home sales hot in 2022, but inflation and other issues could be hurdles.

Check out the key takeaways as Yun discusses real estate, mortgage rates. remote work, and more in his 2022 economic outlooks.

  • Mortgage rate increases will hamper housing affordability in 2022. First-time buyers will need your expertise to get out from under annual rent increases.
  • Current homeowners may find themselves ‘mishoused' as a result of the pandemic and seek out new lifestyle choices.
  • Commercial real estate remains strong, though the office sector can expect rent concessions to continue in 2022. Tax incentives or extra government funding may be needed to repurpose underused office space.
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