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What are the housing market expectations for 2022?

by The 100 Companies

As we get ready to ring in the New Year, many consumers are wondering … What will the housing market look like in 2022? 

According to Pat Pitocchi, director of corporate training at Downing-Frye Realty, the market will remain hot, but slow slightly due to tight inventory. And she expects mortgage rates to rise.

“I think we’ll see a 30-year fixed mortgage increase to 3.5-4%, which is still a really good rate.”

She also expects construction and supply issues to continue, but thinks it won’t get any worse. So I guess there is a silver lining. It’s just a little tarnished.

– Vikki Locke, C2 Communications

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