Home Prices Will Grow Again in 2022

18, October, 2021
The interior of a home purchased by an investor as a hard asset

According to Goldman Sachs: Home prices will rise another 16% in 2022 Home prices are currently up 20% year-over-year, but according to a new Goldman Sachs market forecast, they may not have reached their peak yet. Not even close. Goldman Sachs economists predict that home prices will grow another 16% by the end of 2022.

The rapid increase in home prices over the past year is due to a number of colliding factors, including low interest rates, tight housing inventory supply, pandemic-induced migration patterns, and an increase in millennials entering the home buying market. In addition, as fears of inflation increase, many investors are purchasing properties as a hard asset.

“The supply-demand picture that has been the basis for our call for a multi-year boom in home prices remains intact,” wrote a Goldman Sachs team of economists. And although inventory has slowly been increasing over the past few months, it is still remains below pre-pandemic levels.

Source: Housing Wire

All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. CrossCountry Mortgage, LLC (“CrossCountry”) does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error free. Some information in the publication may have been provided by third parties and has not necessarily been verified by CrossCountry.