As 2021 nears an end and we look ahead to the real estate market in 2022, some companies are predicting home prices to grow as much as 13.6%. While things are expected to slow down compared to the record year of 2021, high demand and low inventory levels are still predicted. The idea is that it will take a long time to regain inventory, during a period where the largest group of millennials are drawing near prime age for first-time homeownership.
While this market may make continue to be tough for buyers, Crescent's lease purchase program offers benefits that ease some of those difficulties. We lock in purchase prices at todays prices so if home prices continue to increase at record rates you are benefiting. Not only would you be able to get into a home ahead of time, but you would be able to lock in prices that are likely to be more favorable than 2 years from now. We also essentially turn our clients into cash buyers to make their offers more competitive. This market shows no sign of decline, so if you are wanting to become a homeowner in the next couple years, partner with a company that will help you get there!
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