Home Prices in the Coming Months

Supply and demand have always dictated the pricing of goods, including homes. With this ever-changing market we are currently in, how will home prices be affected in the coming months? And will we be seeing a market more like before 2020?

Let’s take a look at what experts are saying about the future of the market. First, let’s take a look at demand. We see that with all the changes that 2020 and 2021 brought, from interest rates to us viewing our homes differently, it caused a major increase in demand for housing. But now in 2022, we are now seeing demand and sales begin to drop. We also know that lower interest rates drove people into the housing market, and rising rates are now driving many back out. Showing time is also showing a decline in demand, and it does not even show the most recent months which have even lower numbers. Overall, experts are definitely showing a market shift in 2022 back to the kind of market we saw prior to 2020.