Home Price Trends: How The Housing Market Survives Inflation and Rising Inventory

A housing market update with home price trends and the current state of the real estate market. Home prices have risen significantly in the last two years and it appears that there is still upward pressure on the housing market despite inventory being at the highest level since 2020. While home prices are likely to fluctuate the next couple years because of potential recession in 2023, the long term prospect is that home prices will likely rise in the future.

Current home prices are rising mostly because of strong jobs, rising wages, and historically low housing inventory. Additionally, interest rates have risen, but not enough to completely cut off mortgage loans on homes. Mortgage rates fell last week from 5.8% to 5.3% which is the biggest drop in interest rates in 14 years. Also 32% of all homes in the US are still selling in the first week!

Follow this channel if you are interested in the housing market, home prices, housing forecast or wondering whether home prices will go up or drop this year.

If you need a real estate agent in Las Vegas you can contact Todd or Oana below.

Todd Miller

Oana Sterlacci-Miller

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