During 2020 and 2021, the housing market sizzled across the nation. But, what can we expect in 2022? Will the housing market provide that desired reprieve for future homebuyers?
According to the S&P CoreLogic Case-Shiller index, two of the cities on the 20-city composite list recorded year-over-year increases higher than 30%, while six cities on the list saw prices climb more than 25%. All 20 cities saw double-digit increases over last year. Despite the robust market, Lazzara says "extraordinary" price increases may not last much longer thanks to high inflation and the Federal Reserve raising interest rates in response."We may soon begin to see the impact of increasing mortgage rates on home prices," Lazzara noted.Sources: S&P Dow Jones Indices and CoreLogic; data through February 2022
Charlotte, North Carolina; Dallas; Las Vegas; San Diego, and Seattle also saw home prices jump more than 25%, though researchers say the biggest gains were seen in the South and Southeast regions of the U.S., at 28.1% and 27.9% respectively. The S&P CoreLogic index is calculated quarterly based on home prices from the nine U.S. Census divisions.Washington, D.C., New York and Minneapolis had the slowest gains, but still above 10%.
Implement a California transplant tax on Californians moving to Texas
When Biden gets the fuck out of office
No inventory that’s why.