08/14/2022
Whether youâre a potential homebuyer, seller, or both, you probably want to know: will home prices fall this year?
>>Last Yearâs Rapid Home Price Growth Wasnât the Norm
In 2021, home prices appreciated quickly. There were more people looking to make a purchase than there were homes available for sale. That led to competitive bidding wars which drove prices up.
That appreciation was greater than the pre-pandemic norm which was typically around 3.8%. This goes to show, 2021 was an anomaly in the housing market spurred by more buyers than homes for sale.
>>Home Price Appreciation Moderates Today
This year, home price appreciation is slowing from the feverish pace the market saw over the past two years. According to the latest forecasts, experts say on average, nationwide, prices will still appreciate by roughly 10% in...
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Whether youâre a potential homebuyer, seller, or both, you probably want to know: will home prices fall this year? Letâs break down whatâs happening with home prices, where experts say theyâre headed, and why this matters for your homeownership goals.