Will Home Prices Decline in 2022?

Rancho Cucamonga, Real Estate Agent Li Li Hwang Shares Article of  Expert forecasts on Home Price Appreciation:

What’s the biggest takeaway from this graph? None of the major experts are projecting depreciation in 2022. They’re all showing an increase in home prices next year.

And here’s what some of the industry’s experts say about how that will play out in the housing market next year:

Brad Hunter of Hunter Housing Economics explains:

“. . . the recent unsustainable rate of home price appreciation will slow sharply. . . . home prices will not decline. . . but they will simply rise at a more sustainable pace.”

Danielle Hale from realtor.com agrees:

“Price growth is expected to move back toward a normal range, but this is on top of recent high prices, . . . So prices will [still] hit new highs. . . . The pace of price growth is going to slow notably . . . ”

What Does This Mean for the Housing Market?

While home price appreciation is expected to continue, it isn’t projected to be the record-breaking 18 to almost 20% increase the market saw over the past 12 months. Overall, it’s important to note that price increases won’t be as monumental as they were in 2021 – but they certainly won’t decline anytime soon.

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Article:  https://bit.ly/3mbnUJN

** Top 4 Mistakes to Avoid:  https://www.lilihwanghomesellingteam.com/avoid_mistakes_when_listing

** Discover 6 Biggest Mistakes Homebuyers make?  https://www.lilihwanghomesellingteam.com/buyer_mistakes

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