This forecast suggests that prices would still be cooking in 1Q22, but once the spring selling season gets rolling, the median prices will level off? It would take a flood of inventory to pull that off. They blame rising rates, but when that happens it usually causes...
2022
2022 Forecasts
Let's gather the forecasts for 2022 - here's a start: Forecaster Existing-Home Sales Pricing Fannie Mae - USA -7.5% +7.4% Freddie Mac - USA +7.0% MBA - USA +5.3% +5.2% NAHB - USA -10% NAR - USA -3.2% +2.8% CAR - Calif -5.2% +5.2% Zillow - SD +21.3% CoreLogic - SD...
September Comments
I got a chuckle out of the highlighted comment above, but it feels like it! NSDCC October listings: 2018: 401 2019: 366 2020: 400 2021: 177 Today's NSDCC counts: Actives: 249 Pendings: 248 The 2022 selling season could be disappointing at this pace - and the inventory...
Frenzy Season, 2022
The NFL added a 17th game this year, and pushed back the Super Bowl to the second weekend of February. It will be about as long as buyers can wait, and the following weekend should be gang-busters. If you're not putting your home on the market in the next 2-3 weeks,...