Where home prices are going next, according to forecast models
The COVID-19 housing market—underpinned by remote work, pandemic-induced low mortgage rates, and a demographic wave of first-time homebuyers—has been among the hottest in the nation's history. Since the onset of the crisis, median home list prices are up 23%.
Recently, some of that exuberance has finally left the market. Indeed, since bottoming out this spring, housing inventory is up 30% as some homebuyers start to balk at record prices, and more sellers—who fear losing out on big gains—are listing. While the market is clearly still a seller's market, it has inched a bit in buyers’ favor in recent months.
Read more on:
https://fortune.com/2021/09/21/home-prices-forecast-models-2022-predictions/