What's on the Horizon for the Housing Market in the Second Half of 2022?
According to expert forecasts, home prices will continue rising.
2022 Home Price Forecasts show an average of 9%.
And mortgage rates are projected to rise too.
“While some additional Fed tightening is already baked into today’s average mortgage rates, ongoing inflationary pressure remains likely to push mortgage rates even higher in the months to come.” -Odeta Kushi, Deputy Chief Economist, First American.
If you’re thinking of buying or selling a home this year, it’s important to know where the market is headed and what that means for you.
Let’s connect today so you have an expert advisor to help you plan your move.