What is the effect of COVID-19 in Real Estate?

Since August 2020 HOME PRICE ARE UP 19%

Greater than any period leading up to the 2008 housing crisis

What's causing the current housing boom?

  • HISTORICALLY LOW MORTGAGE RATES
  • WORK FROM-HOME ALLOWS BUYERS TO MOVE TO LESS EXPENSIVE AREAS
  • MILLENNIALS ARE BUYING THEIR FIRST HOMES

Looking Ahead

  • HOME PRICES ARE UNLIKELY TO FALL
  • HOME PRICE GROWTH WILL SLOW

2022 Forecasts

  • ZILLOW: 14%
  • CORELOGIC: 2%
  • FANNIE MAE: 8%

 

For more information please visit: https://fortune.com/2021/12/27/housing-market-home-prices-2022-real-estate-rising-mortgage-rates-impact/