WHAT IS AHEAD IN 2022

WHAT IS AHEAD IN 2022
 
If there’s one thing the last two years have taught me, it’s that predictions are fallible. Here’s what we can say with confidence:
 
  • Inflation typically brings higher interest rates. The Fed has already indicated it will likely raise policy rates (which influence mortgage rates) in 2022.
  • Housing inventory remains tight as we enter the new year, though it is loosening. Continuing demand will create higher prices, but rates of increase will likely slow.
  • A strong jobs market and rising wages will help to keep demand rising and affordability in check.

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