The Future of Home Prices – Up Or Down!

Posted: June 8, 2022 | Source: www.biggerpockets.com

Although the housing market has cooled down with higher interest rates and some buyers heading for the sidelines, there are several indications that a price downturn is not in the cards. Despite the recent increase, mortgage interest rates are still historically low. And the housing inventory is at a low point of only 600,000 homes, compared to 2017-2019 when there were 1.5 million homes on the market and prices were still going up.