{"id":7830,"date":"2022-08-17T10:00:13","date_gmt":"2022-08-17T10:00:13","guid":{"rendered":"https:\/\/thezakariagroup.com\/experts-increase-2022-home-price-projections\/"},"modified":"2022-08-17T10:00:13","modified_gmt":"2022-08-17T10:00:13","slug":"experts-increase-2022-home-price-projections","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/experts-increase-2022-home-price-projections\/","title":{"rendered":"Experts Increase 2022 Home Price Projections"},"content":{"rendered":"
\n

\"Experts<\/p>\n

If you\u2019re wondering if home prices<\/a> are going to come down due to the cooldown in the housing market<\/a> or a potential recession<\/a>, here\u2019s what you need to know. Not only are experts forecasting home prices will continue to appreciate nationwide this year, but most of them also actually increased their projections for home price appreciation from their original 2022 forecasts (shown in green in the chart below<\/em>):<\/span><\/p>\n

\"Experts<\/a>As the chart shows, most sources adjusted up, and now call for more appreciation in 2022 than they originally projected this January. But why are experts so confident the housing market will see ongoing appreciation? It\u2019s because of supply and demand<\/a> in most markets. As Bankrate<\/em> says<\/a>:<\/p>\n

\n

\u201cAfter all, supplies of homes for sale remain near record lows. And while a jump in mortgage rates has dampened demand somewhat, demand still outpaces supply, thanks to a combination of little new construction and strong household formation by large numbers of millennials<\/strong>.\u201d<\/em><\/p>\n<\/blockquote>\n

Knowing that experts forecast home prices will continue to appreciate in most markets and that they\u2019ve actually increased their original projections for this year should help you answer the question: will home prices fall?<\/em>\u00a0According to the latest forecasts, experts are confident prices will continue to appreciate<\/a> this year, although at a more moderate rate than they did in 2021.<\/p>\n

Bottom Line<\/strong><\/h3>\n

If you\u2019re worried home prices are going to decline, rest assured many experts raised their forecasts to say they\u2019ll continue to appreciate in most markets this year. If you have questions about what\u2019s happening with home prices in our local area, let\u2019s connect.<\/p>\n<\/div>\n

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

If you\u2019re wondering if home prices are going to come down due to the cooldown in the housing market or a potential recession, here\u2019s what you need to know. 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