Top 4 Home Buying Trends for the 2022 Holiday

When looking at the real estate market, you want to understand the current home buying trends to be successful. As with any large purchase, timing is of utmost importance –– and during the holiday season, homebuyers can expect a number of different factors to come into play.  

Discover the impact the holiday season has on the luxury real estate market and the benefits to take advantage of if you’re looking to buy a home.

1. Inventory is Limited but Growing

This year, the number one home buying trend to keep in mind during the buying process is the amount of inventory there is to choose from. With the current state of the market, this number of available homes is limited. However, there are a few things you can do to overcome this obstacle. The first is to be optimistic. Though inventory may be lower than average, that number is constantly rising. And, even though there are fewer options, there will also be less competition, since fewer buyers will be looking around this time of year.

Having a large inventory to choose from year-round is The Cliffs’ greatest advantage. You can purchase one of our luxurious lakefront properties or invest in a homesite to begin building the custom-designed home of your dreams. A growing number of developer releases also gives you limitless options for building in your own private retreat in our private corner of the Carolinas.

2. Home Value is Steadily Increasing

When buying a luxury home, consider features that will allow your home’s value to grow after years of ownership, such as an outdoor living space, a bonus room, and interior remodeling. As a second benefit, you can continually expand with new features, incorporating smart home technology throughout the space. This adds value –– protecting your investment and helping you grow your wealth, for generations to come.

3. Interest Rates are Increasing

The next home buying trend to consider is that interest rates are rising. As value increases, so do interest rates. This can seem a bit daunting at first, but with future refinancing options, you can balance out your investment. A critical factor in tackling this obstacle is keeping an eye on your finances and portfolio. Doing this will ensure you receive the lowest rates possible regardless of the market trends. 

Buying a home during the holiday season has many advantages, but low rates can be most beneficial when combating current market conditions. In spite of increased rates for the year, they tend to dip during the holiday season, making it an attractive time to buy. 

With lower rates, there also tends to be a knack for more serious inquiries for both buyers and sellers. Consequently, many won’t want to spend the winter season negotiating. Buyers actively looking will be more likely to buy above market price for the lower interest rates.

4. Online Services are Growing

Today there are endless ways to use online services during the home buying process. This can be very beneficial to both buyers and sellers. When you buy online, you are able to add a bit of convenience to your otherwise busy schedule while still receiving the same level of service as you would in person. You can find a great deal of information online by viewing properties, reading their blog posts, or contacting their teams directly.

Here at The Cliffs, we offer ample information via our website while also giving the comfort of speaking directly with an agent to guide you on your home buying process. Besides providing you with exterior and interior photos of each home, we also provide a video tour of the home and brief overview of the neighborhood and community.

As well as offering you the first look at all of our new and upcoming developments and homesites, The Cliffs will help you choose the best private community that meets your needs.

Check out our online catalog here.

Start Your Home Buying Journey at The Cliffs

There’s no better time than now to start your home buying journey at The Cliffs! Lakefront estates and mountainside cottages are just a few options for investing in your dream home during the holiday season. And, when you take all of these home buying trends into account, you can navigate the buying process successfully. 

Ready to begin your new journey as a homeowner at one of the most luxurious private communities in the Western North Carolina and Upstate South Carolina region? We invite you to browse our online catalog and view a complete list of turn-key properties and generous homesites ––- all from the comfort of your home! 

If you want to learn more about any of our luxury homes or homesites, please do not hesitate to contact our Real Estate Sales Team. Our team of professionals makes home buying a breeze, no matter what time of year you’re looking to buy. We would be delighted to assist you in the buying process and help you find the home of your dreams here at The Cliffs.