August 2022 National RE Forecast Report

August 2022 National RE Forecast Report

We present the RE Luxe Leaders August 2022 National RE Forecast Report down to the County.

The data scientists are still bullish on the national real estate forecasts for the next 12 months.  Two macro trends are driving this.  The first is demographics.  The Millennials are entering their peak homebuying years.  As a note, this group represents the largest segment of the population and the only group to outnumber the Boomers.

The second trend is inflation.  The US printed approximately 30% of all the cash in the history of the country as part of Covid relief measures.  Trillions of dollars poured into the hands of American in one form or another.  The Fed took an aggressive stance, pushing interest rates to all time lows.  Right now, we have an abundance of cash flowing, and no incentive to save it.  When that dynamic happens, prices go up.  Demand is outpacing supply in almost every sector.   Luxury and investment players are investing in real estate at the moment.  Even with the Fed reversing it’s stance and aggressively pushing interest rates higher to combat inflation.

Although forecasts have been adjusted down, Luxe trends have us expecting 8%+ price appreciation in some key areas in the US.  Our money is on the outlier areas as affordability is pushing growth in the suburbs.  Of course, this is speculative.  I won’t share our secret sauce.  I will say it’s our best educated guess based on a plethora of factors we think are relevant.

 

August 2022 National RE Forecast Report down to the County Map:

RE-Forecast-Report-2022-07
If you are interested in a deeper dive in your area, let us know.  We love talking about real estate, both generally as well as the individual pockets and the unique drivers behind each one.

 

Below we include the download of the August 2022 National RE Forecast Report down to the County for the data geeks.

 

Download the current 12 Month Forecast PDF

 

Chris

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