The 2021 housing market gave prospective buyers a wild ride. Shortages of materials and labor made inventory scarce, while rock bottom interest rates boosted demand, creating a perfect storm of bidding wars and inflated home values.
The 2021 housing market gave prospective buyers a wild ride. Shortages of materials and labor made inventory scarce, while rock bottom interest rates boosted demand, creating a perfect storm of bidding wars and inflated home values.
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Things are expected to calm down in 2022. So if you’ve been waiting to buy, this year might be the time to do it. Whether you’re a first-time homebuyer or seasoned homeowner looking for your next investment property, here are 10 cities that real estate experts say are great places to buy property this year.
Austin, Texas
Austin has been a popular destination for the past several years, and that looks to be a trend that will continue. A strong job market and tech-heavy economy have yielded some of the highest appreciation of home values in the country, according to Darcy Newton, a real estate agent with Douglas Elliman.
“Even if the housing market cools down, data shows Austin as a smart choice for those looking to grow their wealth through real estate,” she said.
Boise, Idaho
Boise has something for everyone, according to Isabelle Emond, a real estate broker and the owner of RE/MAX Ocean Surf and Sun. There’s a lively urban scene with modern restaurants, recreation facilities, annual festivals and museums. It also offers beautiful outdoor spaces that serve as a retreat from the hustle and bustle of the city. Plus, a low unemployment rate of 3.5% and thriving job market make it a great destination for young professionals.
“It attracts more people to invest in the city, making it worth your investment in the long-term,” Emond said.
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