Housing Market Predictions: Warns of a Fall in Real Estate Prices


With economic conditions and the expectations of buyers and sellers changing seemingly every day, it’s a tough time to forecast the direction of the US housing market.


Real estate listings website, has now updated its 2022 housing forecast to reflect these changes, predicting the market will stabilize while demand cools and supply grows.


Let’s take a more detailed look at the forecast and what it means for US housing market predictions and prospective homebuyers and sellers.

What Does the Forecast Predict Will Change?

One of the most significant changes to note is the increase in mortgage rates, which ended up higher than many expected in 2022, thanks to the roaring inflation and the monetary policy response we’ve seen this year.

At the start of 2022, few would have foreseen that inflation and living costs would rise to the extent they had — never mind some of the geopolitical events that have exacerbated these trends.

What’s Staying the Same?

Not all metrics included in the forecast have experienced massive shake-ups — some have broadly remained as they were before.

Most notably, homeownership predictions increased slightly from 65.6% to 65.8% — an increase of just 0.2%.

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