- Twenty-three up-and-comers in residential and commercial real estate made predictions for 2022.
- They see a moderation in home-price appreciation despite persistent demand.
- They also predicted that work-from-home culture will drive design and development.
Real-estate markets were a reliable source of catchy headlines in 2021, whether they were about soaring home prices, changing consumer behavior, or the uneven recovery across commercial sectors. How those factors continue to unfold depends on variables in and out of the control of buyers, sellers, and the broader industry.
Insider picked a slate of up-and-coming talent in commercial and residential real estate, and 23 young professionals, investors, and developers said they see opportunity in the record low housing supply and will move ahead with construction plans — if they can beat the supply-chain issues that have frustrated them. Property-technology companies are also in a sweet spot to capitalize on changing demands of consumers and investors, they said.
And just as changes in real-estate markets created opportunities to make money, they’ve also laid bare the inequities in housing, and fresh policies will help those left behind, they said.
One thing hanging over everyone’s agenda is a more uncertain economic backdrop. The
last month confirmed it will be reducing stimulus measures, including one that can help keep mortgage rates low and homeownership more affordable. And as the central bank fights inflation, it also risks denting an economy that is facing headwinds from the pandemic.
Here are the predictions from the rising stars: