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Higher Rates and Short Supply: 2022 Housing Market Predictions

Higher Rates and Short Supply: 2022 Housing Market Predictions

The last two years caught many of us off guard—and not just because of the pandemic. They also ushered in the hottest housing market on record, with home prices rising nationally by nearly 19% in 2021, driven primarily by low mortgage rates and a major supply shortage.

While some hoped 2022 would bring a return to normalcy, the U.S. real estate market continues to boom despite rising interest rates and decreasing affordability. So what’s driving this persistent demand—and is there an end in sight?

There are three key factors impacting the 2022 housing market predictions. Learn how they could affect you if you’re a current homeowner or planning to buy or sell a home in the New Tampa / Wesley Chapel, FL area this year.


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