2022 Housing Market Insights

Published:
February 7, 2020
Last updated:
January 18, 2022
In This Article

Experts are forecasting a strong housing market in 2022.

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.”

If you’re thinking of buying or selling a home, let’s connect to determine if 2022 is the year to make your move.

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If you’re thinking about buying a home in 2022 and need a mortgage to finance it, Sammamish Mortgage can help. We offer a wide range of mortgage programs with flexible qualification criteria to borrowers all across Washington State and the rest of the Pacific Northwest. Call Sammamish Mortgage today to get started!

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