RED HOT Redfin Housing Market Update 2022
Redfin recently released it's updated Housing Market 2022 Update stating that January 2022 was the most competitive market for home buyers in recent history. Home price appreciation is at record highs and inventory is at record lows with newly listed homes being down 12% than that of 2022, but mortgage rates are still low.
Although, mortgage rates have continued to rise and will continue to rise throughout 2022 per Federal Reserve Chairman Jerome Powell. Redfin predicts rates to reach 4.3% by the end of 2022. Glenn Kelman doesn't think it's slowing down anytime soon. What do you think 2022 holds for the Housing Market? LET US KNOW BELOW!!
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