Sales & Prices are still on the rise ⬆️ while inventory remains low ⬇️
Goldman Sachs has reported mixed news homebuyers across the US. who have battled with a hot housing market in 2021. They are predicting prices won’t jump as much as this year, but they will still rise.
US home prices are anticipated to climb approximately 16% through 2022 (per Goldman economists). Homebuyers have seen prices increase 20% this past year, as a home shortage accompanied by heavy buyer demand led the surge. With the shortage anticipated to linger into 2022, its not clear when the market will normalize.