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Could this spring’s housing market be the busiest yet?

House market

home price growth graph
The housing market is off to a busy start in 2022. Last month, new records were observed for home-price growth and median listing price. This sets the stage for a busy spring. Will it compare to the double-digit price gains observed month over month in the Spring and Summer of 2021? It’s hard to say!

George Ratiu, manager of economic research and senior economist at Realtor.com, said inflation and mortgage rates continue to be among the biggest indicators to watch in the housing market as it relates to where demand and home-price appreciation will go in the coming months.

“It seems we have certainly achieved a jump-start on the spring season already,” Ratiu said. “We’re seeing demand for homes continue very strongly. With mortgage rates surging, many buyers are seeing their window of opportunity closing.”

“The robust long-term outlook is driven by existing expectations for tight market conditions to persist, with demand for housing exceeding the supply of available homes,” Zillow researchers wrote.

By Ashley Fahey – Editor, The National Observer