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The Covid-19 pandemic upended the home-buying process. Historically-low mortgage rates coupled with an inventory shortage created a red hot market, with houses selling within hours of being listed, often for well over asking price.
No one knows exactly what the future has in store. But housing experts tell CNBC Make It that in 2022, buyers can expect similar trends to the past two years: elevated prices, low inventory and fast turnaround.
That said, although it will continue to be a sellers market — home values are expected to increase by double-digital percentage points, Zillow predicts — it won’t be quite as wild as it was this year, says Skylar Olsen, principal economist at Tomo, a…
Source cnbc.com
