Market Outlook: What to Expect for 2022Posted by Mike Wald on
2021 was one of the best ever for sellers
Last year was one of the best of all-time for over-the-mountain home sellers and at the same time, one of the most challenging years for buyers! The new year will likely be more of the same. The million-dollar question as Mike and Hayden see it- will buyer's income levels keep pace with forecasted mortgage rate increases? If so, home prices will likely continue to rise. If not, the housing market will probably start to cool a little, in line with decreasing affordability.
Rates expected to rise in 2022
Mike Wald believes that, "It's a safe bet that the Fed will work hard to engineer a soft landing in their efforts to lower inflation. If Powell is going to be successful at reducing the rate of inflation…
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