HouseAffection
No Result
View All Result
  • Home
  • Tools & Home Improvement
    • Portable Air Compressors
    • Painting Supplies & Tools
    • Kitchen & Bath Fixtures
    • Power Impact Wrenches
    • Power & Hand Tools
      • Saws
  • Large Appliance
    • American Fridge Freezer
    • HVAC
  • Patio, Lawn & Garden
    • Mowers & Outdoor Power Tools
      • Edgers
      • Chainsaw Parts & Accessories
      • Lawn Mowers & Tractors
      • Wood Chippers, Shredders, & Mulchers
      • String Trimmers
    • Gardening
    • Pest Control
    • Gas Grills
  • Hunting
    • Beginner’s Guide
    • Flashlights
    • Gear
    • Holsters
    • Knives
    • Modding
HouseAffection
No Result
View All Result

The Trends Shaping Real Estate in 2022

in Real Estate

Table of Contents

  • The Rise of Real Estate Technology
  • Millennials Rewriting the Rules
  • Sight-Unseen Buyers
  • The New Suburbanization

The real estate industry is in the eye of the storm presently – make that three different storms, actually. The pandemic and its aftermath are disrupting how, where and in what numbers people buy real estate. Innovative advancements in technology are reshaping consumer expectations and practitioner competition. And a red-hot housing market is burning underneath it all.

These are undoubtedly exciting times for real estate consumers and professionals. To help make sense of the commotion, here are the four major trends shaping real estate in 2022.

The Rise of Real Estate Technology

The real estate industry remained low-tech for a long time – far longer than most other industries. In that time, it gained a reputation for being bullish, stalwart and stubbornly stuck in its ways.

That era appears to be ending in 2022. The pandemic-led shift to digital commerce – and a tech-savvy generation of buyers entering the market – are precipitating the rise of real estate technology. These digital services and innovations are addressing long-held consumer frustrations, and even disrupting some segments of the industry.

Regan McGee, founder of Nobul, shared with Medium that “We are the tip of the spear of disruption. We’re finally giving consumers power in this industry. Real estate transactions have the single largest fees people pay and the average person pays those fees 11 times in their lifetime. For us to be disrupting this market is extremely exciting.”

Millennials Rewriting the Rules

As mentioned, there’s a tech-savvy generation of buyers wielding newfound clout in the market: the Millennials. And this demographic shift is having a ripple effect on several facets of the real estate industry.

The National Association of Realtors reports that, for the first time, millennials have outpaced older generations in home buying in 2022. And they come with new expectations and preferences. They prefer to find realtors, hunt for homes, and complete transactions digitally (as evidenced by the rise in proptech). And they demand a level of transparency that the industry traditionally hasn’t offered. Expect 2022 to be the year when real estate adapts to millennial habits.

Sight-Unseen Buyers

Sight-unseen buying started early in the pandemic. Homebuyers wanted a contactless way to search for homes, and many sought to leave their cramped urban rentals for the suburbs. This culminated in a rise in remote real estate transactions that continues well into the present.

The trend has given rise in 2022 to sub-trends like virtual reality home touring, smart contracts, AI-driven property searches and more.

The New Suburbanization

By now, the eagle-eyed reader is beginning to see how all of these trends are connected. Millennial and remote buyers gave rise to proptech. Proptech enabled remote buying. And remote buying is driving suburbanization. It’s a complex patchwork of trends coming to a head in 2022.

The Economist recently published an article on what they call “a new age of suburbanisation.” The article argues that urban costs, stunted access to urban amenities and a pandemic-driven focus on quality living space are driving more people – especially young people – toward the suburbs. It will be interesting to see if this trend continues in recent years and what effect – if any – it has on major North American urban centers.

Real estate has weathered massive shake ups in the last year, and will likely continue to experience significant changes in the coming decade, thanks to new buyers, innovative thought leaders and shifting consumer priorities.

Miles Smith

Miles Smith

With a Master’s in Real Estate Development from Columbia University, Miles Smith has been a real estate expert and consultant for 15 years. He became part of various teams, offering his knowledge in property investment, market analysis, and real estate finance. His previous experience includes working in real estate brokerage and property development. He has provided insights into residential and commercial real estate, property valuation, and market trends. His background includes roles in real estate investment firms and as a market analyst. Outside of work, he is an amazing golfer and a mentor in youth entrepreneurship programs.

Related Posts

The Allure of the Tennessee Barndominium
Real Estate

The Allure of the Tennessee Barndominium

May 23, 2025

Tennessee’s rolling hills, moderate climate, and mix of rural acreage and fast-growing suburbs make it one of the most attractive...

10 Things to Consider as Newly Wed Home Buyers
Real Estate

10 Things to Consider as Newly Wed Home Buyers

April 12, 2025

Marriage marks the beginning of a new chapter, and for many couples, purchasing a home together is one of the...

Comprehensive Guide to Selling a House Due to Divorce
Real Estate

Comprehensive Guide to Selling a House Due to Divorce

April 12, 2025

Navigating a divorce is an exceedingly challenging period, filled with both emotional and financial obstacles. One of the most significant...

Why Shepherds Huts Are a Great Investment
Real Estate

Why Shepherds Huts Are a Great Investment

July 16, 2024

In recent years, shepherds huts have surged in popularity, becoming a favoured addition to many homes and properties. These quaint,...

Next Post

Top Factors to Consider Before Installing Solar Panels

Different Ways to Improve the Look of Your Backyard

Home Improvements That Require Permits

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • About
  • Contact
  • Disclosure
  • Privacy & Policy
  • Write For Us

© 2019 House Affection - Made with ❤️ by House Affection Team

No Result
View All Result
  • Home
  • Tools & Home Improvement
    • Portable Air Compressors
    • Painting Supplies & Tools
    • Kitchen & Bath Fixtures
    • Power Impact Wrenches
    • Power & Hand Tools
      • Saws
  • Large Appliance
    • American Fridge Freezer
    • HVAC
  • Patio, Lawn & Garden
    • Mowers & Outdoor Power Tools
      • Edgers
      • Chainsaw Parts & Accessories
      • Lawn Mowers & Tractors
      • Wood Chippers, Shredders, & Mulchers
      • String Trimmers
    • Gardening
    • Pest Control
    • Gas Grills
  • Hunting
    • Beginner’s Guide
    • Flashlights
    • Gear
    • Holsters
    • Knives
    • Modding

© 2019 House Affection - Made with ❤️ by House Affection Team