Home Price Growth and Mortgage Rates are expected to increase but at a much more moderate pace than 2020. Inventory gains should pick up as builder confidence remains at high levels, and development remains robust. Though economic recovery and vaccine distribution play a large role in how the market will shift and adjust but overall there is a positive outlook on the housing sector. The industry could even see more existing home sales at a 5.9 percent increase.
Buyer’s Guide: Fall 2022
If you’re wondering if it’s the right time to buy a home, you should know you have an opportunity to grow your wealth, stabilize your expenses, and benefit from more options for your home search this fall.