Lack of Supply Pushing Home Prices in 2022

Lack of Supply Pushing Home Prices to Rise in 2022 

 

via CREA. #CREAStats

“November’s national benchmark price was almost $220,000 higher than it was before the pandemic. Meanwhile, November’s sales just missed the record set last year for the same month.

With looming interest rate increases and continued supply shortages heading into 2022, sales are forecast to moderate somewhat next year.” via CREA.

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