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Predictions for 2022

The Sunday Globe has made their predictions for 2022. These are the forecasts The Robin Allen Group believes will influence your local real estate market. As stated by Fairweather, Redfins Chief economist, “I think that there’ll be a rush to buy homes at the beginning of the year before mortgage rates go up”.

Experts are predicting a more balanced housing market in 2022. Expect more modest price appreciation of less than 5% compared to double-digit gains we’ve had. Though, the Boston area with its booming health sciences industry, could still see price gains that top 10%.

Economists are expecting mortgage rates to inch upward next year. “Once mortgage rates do start to bite, demand will slow down and in turn can encourage more people to sell. As homeowners realize the intense seller’s market won’t last forever …. that can get some people off the sidelines”, Fairweather. Also, homeowners who have put off selling or relocating due to the pandemic also could add some much-needed inventory to housing market. In the Greater Boston area, we have had an inventory shortage for years before Covid. Though the pandemic persists, people at least have a better grip on what to expect from it now and are once again confident enough in their future plans to make lifestyle moves.

As we have seen a strong push in the past year to the suburbs, this trend should continue in 2022. However, for Boston expect both city centers and the condo market to do well in 2022, noting that there has been a push for Boston sales these past few months.

Meanwhile, an increase in homes for sale should give buyers more options and further rein in price increases. “It will be easier for buyers to get an offer accepted,’’ Fairweather said. “It won’t be cheaper for them — prices aren’t going to go down, they’re still going to grow, albeit slowly. But they won’t have to worry so much about getting outbid by somebody who just has more cash or is willing to waive more inspections … the typical home buyer who wants to take their time and wants all the inspections done is going to have an easier time at it.’’

About US

Meet Robin Allen #1 Producing Agent and Luxury Properties Specialist in the Brookline/Chestnut Hill office of William Raveis Real Estate. With over 20 years of experience in the industry, she has developed a keen understanding and in-depth knowledge of the local real estate market and trends, making her one of the most sought after agents to work with in Brookline and Newton.

Testimonials

Robin worked with me a few weeks ago. She was very professional and helped me to find the house very soon, She communicated great with the seller agent to help me to give the final...

- Gavin, Newton

My husband and I had a home in Chestnut Hill for 27 years. So many wonderful memories, but now it was time to sell and the journey to begin. After working with another broker and...

- Loretta, Chestnut Hill

Robin is a fantastic agent. She accompanied us every step of the way until we found our dream home. Throughout this process, in a very competitive market, she remained always supportive, encouraging, while also helping...

- Sarah, Chestnut Hill

If you are looking for an agent who knows practically everyone, who has extensive knowledge of the area and who listens well and then shows you homes that meet your needs, then Robin is the...

- Alok, Chestnut Hill

"Robin was fantastic and able to find us our first house which we absolutely love! In a competitive market, she was able to find us the best properties the moment they came to market, which...

- Adam Newton

"Robin is very knowledgeable and responsible in guiding us to buy our first house. She always keeps in great touch with seller agent, and communicates every house detail we'd like to learn more. With Robin's...

- Zhe, Sharron

"Robin sold my condo over the weekend! She is extremely knowledgeable about the real estate market in Brookline. She guided me through the process with a graceful and easy manner, but she is very focused....

- Deborah, Brookline

"Robin is extremely professional, and her advice is based on years of experience and substantiated by factual information and examples. No question is too small or a bother. She knows the entire market! We have...

- Theresa, Newton

"When we decided to sell our family home, we looked for the agent that has local knowledge for our type of house. After interviewing several local agents, we felt that Robin and Sheri Flagler were...

- Sean, Brookline

"Robin is a straight shooter and always gave us a fair and honest assessment on how to best sell our house. She always was willing to listen to my input and taking my input into...

- Peter, Chestnut Hill
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191 Grove Street,
Chestnut Hill, MA 02467