Source: The Motley Fool —
Nobody can know the future, but here are some things I could see happening.
The real estate market in the United States has been decidedly unpredictable for the past couple of years. Many investors and industry analysts (myself included) thought that home prices would trend downward at the onset of the pandemic — and the exact opposite happened.
Home prices spiked, with gains of more than 20% in 2021 alone. Mortgage rates have increased more sharply in 2022 than ever before. And there is a historically low number of homes currently for sale in the United States.
Having said all of that, here are three of my real estate market predictions for the last couple of months of 2022. Before we dive in, take all of these predictions with a big grain of salt. There are a lot of moving parts that affect things like home prices, mortgage rates, and investment valuations, so it’s impossible to say with certainty what will happen.
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