5 Economists And Real Estate Professionals Share Predictions For The 2022 Housing Market
It’s been a wild journey for house buyers and aspiring residence patrons over the past year, with bidding wars and rising prices — as interest rates held close to historic lows . Here’s what five economists and real estate pros informed us they thought would happen in 2022. As 30-year mortgages have reached 5 % interest rates for the primary time in additional than a decade, Johnson from FAU said now may be the time to watch the housing market for any signs of a calm down. In the metro housing markets, Gqeberha skilled the biggest shift in market share, with sectional title models rising from just 38.3% of complete house sales in 2011 to greater than half by 2021. First-time patrons looking for more affordable houses can also face more competition. “One of the segments of the housing market that’s been tougher to interrupt into is that starter residence …