RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
  • Agents
  • Brokers
  • Teams
  • Marketing
  • Coaching
  • Technology
  • More
    • Headliners New
    • Luxury
    • Best Practices
    • Consumer
    • National
    • Our Editors
Join Premier
Sign In
RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
RISMedia
No Result
View All Result

2022 Forecast: Moderation Likely but Affordability Still a Concern

Home Agents
By RISMedia Staff
January 4, 2022
Reading Time: 1 min read
2022 Forecast: Moderation Likely but Affordability Still a Concern

LendingTree recently released its projections for the state of real estate, jobs and the economy in 2022.

According to the company, potential economic upsides include home price moderation, improved supply chains, a better job market and fewer concerns over inflation. The company does not believe the housing market will crash next year.

Downsides may include increasing home prices and interest rates, which impact buyer affordability and continued economic recovery challenges due to the pandemic. Additionally, LendingTree believes personal and household savings could fall in the year to come.

Key predictions:

  • Average mortgage interest rates will rise to near 4% by the end of 2022
  • Nationally, average home price growth will be less than 5%
  • By 2022’s end, the unemployment rate will drop below 4%, while the labor force participation rate will rise to around 62%
  • Year-over-year GDP growth will be between 3% and 4%
  • The federal funds rate will increase between 0.5% and 0.75%

The takeaway:

“The economy as a whole is currently on track to continue to bounce back from the downturn caused by the COVID-19 pandemic,” said Jacob Channel, LendingTree’s senior economic analyst in a statement. “However, due to the ever-changing nature of the pandemic and recent emergence of the Omicron variant, this economic recovery isn’t guaranteed to be a smooth one.”

Tags: AffordabilityCoronavirusEconomyHome ValuesHousing MarketIndustry NewsInflationInterest RatesJobsLendingTreeReal Estatereal estate newsSupply Chain
ShareTweetShare

RISMedia Staff

Related Posts

Existing-Home Sales Surged 14.5% in February—the Largest Increase Since July 2020
Agents

Existing-Home Sales Surged 14.5% in February—the Largest Increase Since July 2020

March 21, 2023
Anywhere Shakes Things Up, Names Lane New Coldwell Banker Realty CEO
Agents

Anywhere Shakes Things Up, Names Lane New Coldwell Banker Realty CEO

March 21, 2023
Amid Some Positive Signs, Housing Affordability Struggles Continue to Affect Buyers and Homeowners Alike
Agents

Amid Some Positive Signs, Housing Affordability Struggles Continue to Affect Buyers and Homeowners Alike

March 21, 2023
Altrata Reveals Evolving Residential Footprint of the Ultra-Wealthy
Agents

Altrata Reveals Evolving Residential Footprint of the Ultra-Wealthy

March 21, 2023
OneKey MLS Reports Decreased Median Sale Price in southern New York
Agents

OneKey MLS Reports Decreased Median Sale Price in southern New York

March 21, 2023
Top 500 Power Brokers Revealed in Exclusive Release
Latest News

Top 500 Power Brokers Revealed in Exclusive Release

March 21, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Tip of the Day

How Can You Better Support Your Servicemember Clients?

There are around 20 million veterans in the United States. Are you equipped to help them achieve their homeownership dreams? Learn more.

Business Tip of the Day provided by

Recent Posts

  • Existing-Home Sales Surged 14.5% in February—the Largest Increase Since July 2020
  • Anywhere Shakes Things Up, Names Lane New Coldwell Banker Realty CEO
  • Amid Some Positive Signs, Housing Affordability Struggles Continue to Affect Buyers and Homeowners Alike

Categories

  • Spotlights
  • Best Practices
  • Advice
  • Marketing
  • Technology
  • Social Media

The Most Important Real Estate News & Events

Click below to receive the latest real estate news and events directly to your inbox.

Sign Up
By signing up, you agree to our TOS and Privacy Policy.

About Blog Our Products Our Team Contact Advertise/Sponsor Media Kit Email Whitelist Terms & Policies ACE Marketing Technologies LLC

© 2023 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

No Result
View All Result
  • Home
  • Premier
  • Reports
  • News
    • Agents
    • Brokers
    • Teams
    • Consumer
    • Marketing
    • Coaching
    • Technology
    • Headliners New
    • Luxury
    • Best Practices
    • National
    • Our Editors
  • Publications
    • Real Estate Magazine
    • Past Issues
    • Custom Covers
  • Events
    • Upcoming Events
    • Podcasts
    • Event Coverage
  • Education
    • Get Licensed
    • REALTOR® Courses
    • Continuing Education
    • Luxury Designation
    • Real Estate Tools
  • Newsmakers
    • 2023 Newsmakers
    • 2022 Newsmakers
    • 2021 Newsmakers
    • 2020 Newsmakers
    • 2019 Newsmakers
  • Power Broker
    • 2023 Power Broker
    • 2022 Power Broker
    • 2021 Power Broker
    • 2020 Power Broker
    • 2019 Power Broker
  • Join Premier
  • Sign In

© 2023 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

X