Are We Heading for a Housing Crash in 2022?
Afford Anything
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The Third Factor That Affects Home Prices During the Pandemic
The freddy mack report that projected a reversion to the mean, five point three % growth in home prices in the year 20 22. We have a labor shortage across the nation right now. There are more job openings than there are people to fill them. When wages grow, people spend. And when people spend, home values go up. The third factor is limited housing supply. It's critical to understand how limited housing supply was exasperated by the pandemic and drove massive sky rocketing in home prices during the peak pandemic year.
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