As we look to 2022, sellers may wonder whether they missed their opportunity to get top-dollar for their home. Likewise, potential home buyers may worry that prices will remain high while inventory stays low.
Freddie Mac predicts a 5.3% growth rate in 2022, down significantly from 2021. Even in the face of slowed growth, sellers still have a chance to cash in on their rising home equity.
Severely limited inventory began to ease up in the second half of 2021. If this trend continues, buyers can expect less intense competition and fewer bidding wars in 2022.
As the federal mortgage forbearance program ends, many affected homeowners will likely list their properties. It remains to be seen how much this expected change will affect inventory.