Barb Schlinker The Real Estate Voice

Top Housing Market Predictions for 2022Segment 1Top 7 Housing Market Predictions for 2022Barb, you keep telling us about the low housing inventory.  What are people saying about the housing market predictions for 2022?.  Hey Richard, industry experts like chief economist Mark Zandi of Moodys does not believe we are in a house bubble because stricter lenders standards.Overall the predictions indicate another very strong housing market for 2022.Interest Rates at Still at low levels and most experts think they will rise from the low 3.0s to maybe mid 3.0s.Those are still great rates!Interest rates are the thing to watch…July - Sept 2018 rates went from 3.75 to 5.0 and quickly slowed sales …why?Housing AffordabilityBuyers buy in payments and if the payment is low they can afford a more expensive house.What does 2022 look like if you are thinking of Buying?Awesome!People fear the Fed with raise rates.Lets do the math…Average Rental:2500-3000 SF, 4,3,2Average $2300 MonthAverage Purchase: $505000, 5% Down 2500-3000