11/22/2021
Here is an interesting article about what Redfin is saying is going to happen in 2022. Should be no surprise. It's what the other experts are saying. But nevertheless, good info.
1. Prediction #1: Mortgage rates will rise to 3.6%, bringing price growth down to earth
2. Prediction #2: New listings will hit a 10-year high, which will hardly make a dent in the ongoing supply shortage
3. Prediction #3: Rents will increase by 7%
4. Prediction #4: Homebuyers will relocate to affordable cities
5. Prediction #5: People will vote with their feet, moving to places that align with their politics
2022 will bring more balance to the housing market. But don’t expect a buyer’s market; just more selection, less frenzy and slower price growth.