While it says omicron is the wild card for what will happen for home sales this year, the market will remain strong but settle down to closer-to-normal levels.
“For this year, 3.7%.
If you are thinking about buying a home, rates will be lower in 2022 than they will be in 2023.
metro, which saw many neighborhoods and jurisdictions set record highs for prices, and aggressive bidding wars among potential buyers, there will be the typical every-other-year bump in sales this fall.
Nationwide, NAR expects the inventory crunch that has plagued the housing market will ease in 2022, with more sellers and with more new construction.