Experts Are Changing Their 2022 Predictions

Experts have changed their predictions on home price appreciation.

By Mark Callender

Hello, my name is Mark Callender and I am a licensed real estate agent with RE/MAX Results. Because I have been helping families buy and sell their homes for more than 18 years, I am now helping their children to buy their first homes and their parents to downsize. No matter the direction you’re moving, my goal is to make the process as calm and enjoyable as it can be.

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Projections for home prices are increasing significantly, but why? Most experts have doubled their appreciation expectations since January. What caused this change, and what does it mean for buyers and sellers?

Field experts like Fannie Mae, Freddie Mac, and more have all changed their predictions. One problem is that demand has not yet evened out with supply. The second issue is that building prices have gone up, so builders are not finishing homes as quickly as the economy needs. Some buyers are walking away from contracts because costs have skyrocketed so much.

Expect home prices to continue to rise. If you have any questions about these numbers or what they mean for your plans, don’t hesitate to reach out to me and my team. We’d be happy to help!

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What Our Clients Are Saying...

"Mark was always available if I had any questions which I really appreciated. If he didn't have the answer he would find out and get back to me in a timely manner with the answer. He made selling my house a very good experience. He is very good at communication so I knew what was going on with the sale of my home as well as the building of my new home. He really cares about his clients and treats you very well. His attention to detail is very impressive. I would highly recommend him."

- Christopher C.

"Mark was amazing! I never had any questions go unanswered. He was very knowledge of the area and always gave his input. He never pushed or rushed me into a decision. If he didnt think a house matched my needs and wants, he would let me know. Mark made the home buying process easy and enjoyable. I would recommend mark and his team to anybody looking to buy or sell."

- Leigh D.

"He is knowledgeable and very attentive to the buyer's needs. I would definitely use him again. Thanks Mark for helping me buy the perfect townhome for me at a good price!! My friends and family have used Mark to buy and sell homes since my purchase in 2012 and have been very pleased!"

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