Fall 2022 Housing Market Forecast: Are we in a Housing Bubble?
A prediction of the housing market for the rest of 2022 and what might happen in 2023. This data is taken from Bankrate a mortgage lending data analytics company. It is an opinion piece, but is backed by quotes from real estate industry economists.
Although the housing market has cooled in 2022, the long-term real estate forecast is for rising home prices and that the real estate market is not in a bubble or likely to crash. Mostly because interest rates are likely short-term and because many people who bought homes previously are not selling because of low interest rates.