2022 Housing Market Insights

Here’s what a few of them have to say:

• Freddie Mac: “We forecast mortgage rates to increase slightly through the remainder of the year and reach 3.0%, rising to 3.5% for full-year 2022.”
• CoreLogic: “With less demand, we expect homes listed for sale will be on the market a bit longer with fewer competing bidders, which should moderate price growth. The CoreLogic Home Price Index Forecast has the annual average rise in the national index slowing from 15% in 2021 to 6% in 2022.”
• Mike Fratanoni, Chief Economist & Senior Vice President of Research and Industry Technology, Mortgage Bankers Association (MBA): “2022 should be another strong year for the housing market.”
• George Ratiu, Manager of Economic Research, Realtor.com: “I think 2022 has the promise of providing less competition, a lot more homes to choose from, and, as a result, a lot more approachable prices.”
• Mark Fleming, Chief Economist, First American: “Strong demographic demand will continue to act as the wind in the housing market’s sails.”