What is Going to Happen 2nd Half 2022 Real Estate Market?
Here is what the experts say about the 2022 real estate market.
The number of homes for sale is increasing.
That's partly due to more homeowners listing their homes, but also because higher mortgage rates have helped ease the intensity of buyer demand.
Moderating buyer demand slows down the pace of home sales, which in turn helps inventory rise.
According to Coreloqic, homes appreciated 15% in 2021, and they've continued to rise this year. On average, homes are forecast to appreciate by about 8.5% in 2022
Even though housing supply is increasing today, there are still more buyers than there are homes for sale. This is maintaining the upward pressure on home prices. This is why experts are not calling for prices to decline. Just a moderate price increase pace this year.