The pace of home sales has cooled since the first quarter of 2021 when it was at 7.2 million. Freddie Mac predicts home sales to hit 6.8 million for the full years 2021 and 2022. Additionally, they forecast house price growth of 16.9% in 2021. However, they expect house price growth to slow to 7.0% in 2022.4 days ago
Will house prices drop in 2022?
That early onslaught of demand will deplete the supply of homes for sale. In the second half of the year, a much-needed increase in new construction will boost sales slightly. In 2022, there will be 1 percent more sales than in 2021, and by the end of the year, home price growth will slow to 3 percent.”10 Jan 2022
Is the housing market going to crash in 2022?
Current Growth Is Not Sustainable, But a Crash Is Unlikely Fannie Mae predicts that home prices will rise by just 7.9% between the fourth quarter of 2021 and the same time at the end of 2022 — “just” being a subjective term.18 Jan 2022
What will house prices do in 2022?
In 2022, there will be 1 percent more sales than in 2021, and by the end of the year, home price growth will slow to 3 percent.” Fairweather expects mortgage rates to rise to 3.6 percent by the end of 2022, a trend that should moderate the increase in home prices.10 Jan 2022