Expert Forecast: Predictions for the Rest of the 2022 Real Estate Market
Posted by Tamara Williams on
Expert Forecast: Predictions for the Rest of the 2022 Real Estate Market
Rarely have rising interest rates been seen as a good thing in real estate circles. But in the current seller's market, higher mortgage financing rates are viewed as a potential solution to runaway price appreciation in many markets across the country. However, few experts believe that rate increases will substantially reduce the current demand, nor can higher rates be expected to affect sales numbers to any great extent, at least for the second half of this year.
Higher prices and an increasingly short supply of homes have caused some buyers to be effectively priced out of the market. The existing increase in rental prices only serves to accentuate the problem.…
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