So, you’re thinking pretty hard about buying or selling a home in 2022 and want to know how the housing market will look. Well, housing market predictions are about as reliable as a weather forecast—no one can predict what’s going to happen with 100% accuracy. But we can check out what real estate experts are saying and make some guesses about the future from there.
Remember, a housing market forecast can only give you an idea of what to expect if you buy or sell a house in the coming months. Never let it control your housing decisions—only your personal situation and finances should do that!
With that said, let’s take a closer look at what the market is doing.
Housing Market Predictions for 2022
The housing market exploded like fireworks last year—and many of those sparks may continue flying in 2022.
Experts are still seeing a post-pandemic rebound—we’re talking steady mortgage rates, job recoveries, and the law of supply and demand all working together to make home sales go kaboom!
The final four months of 2021 saw home sales rise in September, October and November.1 And even though sales dropped a little in December, they were still up from the year before.2 There’s high demand with low inventory, so buyers are still rearing and ready to enter the market.
Here’s an overview of what experts predict will happen in the housing market leading into 2022: