242-14 Merrick Boulevard
Rosedale, NY 11422
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My Blog
Bold Predictions for 2022 Housing Market
Posted On: January 8th, 2022 2:02AM
Here are few predictions about the housing market made by Dr. Lawrence Yun, National Association of Realtors Chief Economist.
1. Inventory will increase - The total number of houses for sale will increase as the number of new constructions of one family house increase and mortgage forbearance comes to an end.
2. Interest rate will inch up - Increase inflation will lead to an increase in interest rates with a prediction of 3.7% by end of 2022.
3. A 2% reduction in home sales from 6M to 5.88M.
4. A more Normal Housing Market by summer of 2022 where the supply of houses will be close to the demand.
