Home prices are always a hot topic among prospective home buyers. The reasons for this are obvious. After all, the price of homes in the neighborhoods you’re targeting will, in large part, determine whether or not you can afford to buy one. So what might happen to prices, and the overall market, in the year ahead?
2022 Housing Inventory
Well, a lot depends on how many homes are available for sale. The main factor pushing home prices higher these days is a lack of inventory. Naturally, if inventory improves – either because more homeowners list their homes for sale or more new homes are built – it will help balance the market and keep prices from spiking. With a healthier supply of homes, home sales will rise and there’ll be less competition between buyers. That’s the best case scenario for the 2022 housing market and inventory. On the other hand, if inventory doesn’t improve and prices continue to climb higher, affordability conditions may begin to suppress buyer demand – which would also bring more balance to the market, albeit in a less positive way. Click on the link for more information.
Here at A1 Mortgage, we know how important it is to choose the right house for you and your companion. We have the responsibility to provide you with the best products and the highest level of customer service possible. With hundreds of loan programs available, we tailor a loan specific to your mortgage needs. So come get pre-approved and start shopping for your dream home by clicking here!