May 2022 RSS Feed

Found 1 blog entry for May 2022.

What we and the national experts predict appreciation will do in 2022.

Prices have been increasing, so today I’m sharing our 2022 home price appreciation expectations. 2021 was a robust appreciation year, but interest rates are steadily rising. Last year’s rate average was 3%, and now we’re hovering around 5%, which will likely grow to 6%.

To get a good idea of what to expect out of 2022, we looked at seven trusted real estate forecasts, including Fannie Mae, Freddie Mac, and the NAR. The lowest estimate was 6.2% appreciation this year, while the highest estimate was 10.8%. Averaging all seven numbers, we get about 9% expected appreciation in the residential real estate market.

"The two main things that drive the market are interest rates…
429 Views, 0 Comments