2021 was a record-breaking year for Southern California real estate--8-12% appreciation, record sales volume, and normalized bidding wars. Heading into 2022, the big question was whether expected rate hikes would cool the market.
2021 Summary
- 8-12% appreciation
- Record sales volume
- Ultra-low inventory
- Bidding wars normalized
Historical market.
2022 Forecast
Headwinds: Rate hikes (2-3 expected), inflation pressures
Tailwinds: Employment strong, demographics favorable
Outlook: Market moderates but fundamentals support 4-6% appreciation
Slowdown expected but not collapse.
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2021 success heading into 2022. Market evolving. Contact me.