Jamell Tousant is a real estate agent who works in Northern California. He primarily assists with helping buyers find the perfect homes, and sellers sell their homes within the Oakland, Alameda, and East Bay areas. If you are looking to buy or sell a property, you may be curious about the buying and selling trends for the year. Continue reading as Mr. Tousant lists and describes some of the top real estate buying and selling trends for 2022.
Jamell Tousant Explains That Digital Technology Is Big in 2022
One of the trends that are expected to continue to be big in 2022 is digital technology. Both COVID-19 and technology changed the way that people viewed homes. It was common to see 3-D tours of homes posted online or to see drone footage capturing overhead views of a home. While Coronavirus restrictions are easing, it is expected that digital technology will continue to play a role in real estate. Jamell Tousant explains that this type of footage allows buyers to quickly view houses without ever leaving their homes. This helped both buyers and sellers.
Jamell Tousant Details How Work From Home is Changing the Real Estate World
Jamell Tousant explains that another trend that is expected to be big when it comes to real estate buying and selling this year revolves around work from home. While Coronavirus restrictions are easing, many companies are allowing their employees to continue working from home. As such, buyers are looking for spaces within a home that can serve as an office or workspace. As a seller, creating a quiet space or staging a space to show how it could work for those working from home may help you to get your home sold faster.
Jamell Tousant States New Home Construction is Expected to Be Big
Jamell Tousant explains that the final trend that is expected to be huge in 2022 is new construction. As millennials are buying their first homes, it has become clear that there simply are not enough homes to meet demand. As such, new home construction has increased. In the Bay Area, you will find many newer construction projects that revolve around multi-family buildings, such as condo buildings. However, builders are also building single-family homes and townhomes to help meet demand. This is important as sellers now have to compete with new construction, and buyers have to decide whether existing homes or new-construction homes are ideal for their home needs.
Jamell Tousant says that real estate prices are currently high, and demand is high. However, real estate prices are starting to peak, and thanks to interest rates climbing, the real estate market in Oakland, Alameda, and the East Bay area is finally starting to cool off just a bit. While demand for houses is expected to be fairly high in the coming year, it is not expected to be as high as what was seen in 2020 and 2021. That may make this the perfect time to buy or sell your home.