The Real Reason Home Prices are Likely to Keep Rising: Housing Market Update
Also there is a significant decline of available homes in the real estate market, down 65% from just a couple years ago. This significantly limited supply will continue to put upward pressure on home prices. It is still not likely that there is a housing bubble or a near-term housing crash coming. It is possible that things could change and there could be a different housing market trend in 2023, but this year the housing market looks historically strong.
Rising interest rates were also thought to cool off the housing market, but adjustable rate mortgages are back and buyers are tending to find a way around high interest rates so they can continue to purchase homes.
Home prices are likely to rise in 2022 and 2023.