Why the Housing Market Will NOT Crash. Home Prices Headed Higher.

Statistical proof that the housing market is not poised to crash and that home values will continue to rise through 2022. Home prices are headed higher due to strong demand and low inventory of houses for sale. A crash could only happen in the housing market if inventory increases dramatically, which is it unlikely to do. Also we have record low rates of foreclosures, which means there is no housing crash imminent or even in the near future.

The two biggest factors that would cause a housing crash are mortgage forebearances as well as inventory. Forebearances hit a multi year low in 2022 meaning there will be no foreclosure activity in the near future. Without these foreclosures, there won’t be any increase in home inventory. Only investors deciding to sell will increase the current inventory.

Todd Miller

Oana Sterlacci-Miller

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