Where the Housing Market Is Going in 2022
As Told by 7 Leading Forecast Models
A perfect storm. That’s the best way to describe the red-hot housing market we’ve seen from coast-to-coast during the pandemic. It was spurred by a combination of recession-induced low mortgage rates, remote work allowing buyers to sprawl further away from their workplace, and a wave of first-time millennial homebuyers entering into the market. Of course, years of under-building means there simply aren’t enough homes available to meet this demand. Cue record price growth.
But how much longer will this run last?