Housing Market Predictions
The most important housing market prediction for 2022 is approaching the US housing market. According to some experts, mortgage rates for housing will rise this year. The cost of borrowing money through mortgages has been gradually increasing this year.
According to experts, 2022 will continue to be a seller’s market. But according to realtor analysts, the market will jump back from 2021 lows, with inventory growing 0.3 percent on average in 2022.
A good way to take a pound of the market is the number of days a home is on the market.
One of the most commonly believed housing market predictions for this year 2022 is that inventory will remain limited but the prices will be slower than it was this year. While March will expect to see an increase in listings, it is unlikely that there will be enough to meet demand. The housing market investment has been particularly tough in 2021, with high requirements for homes in almost every area of the country. It looks like the same trend will follow in 2022.
The home prices are too high, there’s a strong desire of every person to take a house for rent but the buyers wait until the market cools. According to realtors now the increased demand for rental units (especially ones that are big on square footage) is motivating up rent around the country.