2022 Housing Market PredictionsPosted by Alexandra Bedwell on
Though not predictable, you can always rely on the real estate market in Colorado Springs to change. Here are some predictions for the housing market in 2022.
- 2022 will fall just short of record-breaking
"Zillow’s forecast calls for 11% home value growth in 2022. That’s down from a projected 19.5% in 2021, a record year-end pace of home value appreciation, but would rank among the strongest years Zillow has tracked. Existing home sales are predicted to total 6.35 million, compared to an estimated 6.12 million this year. That would be the highest number of home sales in any year since 2006." Zillow (https://www.zillow.com/research/zillow-2022-housing-predictions-30394/)
- Mortgage rates may rise, but inventory may rise as well
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