Qualified Home Loans

Housing Market Predictions for 2022

The 2021 housing market was a bit tough for some home shoppers. Low rates and increased flexibility from working remotely put many first-time homebuyers on the map. But limited inventory, skyrocketing prices, and bidding wars made housing harder to come by.

While home values aren’t likely to stop rising or start falling any time soon, things may soon level out to a more ‘normalized’ market, according to real estate experts. We could see competition start to taper off and price growth begin to moderate. In short, 2022 should be a better market which could take some of the pressure off prospective buyers.

This article gives a great overview of what to expect with rates, prices, and inventory in 2022. 

Our advice above all is to avoid trying to perfectly time the market. Buying a house or refinancing should be a practical decision based on where you are in life financially and on your life path. We are more than happy to walk you through your loan options, down payment requirements, interest rates, and home buying budget to help you make an informed decision about how to proceed.

Contact us anytime.