POWER LENDING
If anything, the first quarter of 2022 is edging closer to what a normal housing season/year looks like. As we approach the home buying season, which this year began early, homebuyers still have tough choices to make, but, this won’t feel anything remotely close to what 2021 was like.
16 | MARCH 2022
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ast year, we saw prices shooting as high up as 20% at many points. And while this trend is expected to continue, the rate at which prices appreciate is expected to slow down. Many experts concur price increases will be at roughly half the price we saw during the peak of 2021. The housing market has suffered and continues to suffer through many of the same problems as the broad economy. This includes the supply and demand imbalance, labor shortages, material shortages and record low inventories. Inflation is another bottleneck plaguing both the economies, but now that the policy makers have recognized that inflation induced problems, the dollar is beginning to diminish. Mortgage rates on the other hand are beginning to rise, further eroding
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How Will Rising Interest Rates Affect Housing in 2022?
