The Roselli Team - Your Real Estate Experts

If you’re wondering if   home prices   are going to come down due to the cooldown in the   housing market   or a   potential recession , here’s what you need to know. Not only are experts forecasting home prices will continue to appreciate nationwide this year, but most of them also actually increased their projections for home price appreciation from their original 2022 forecasts ( shown in green in the chart below ): As the chart shows, most sources adjusted up, and now call for more appreciation in 2022 than they originally projected this January. But why are experts so confident the housing market will see ongoing appreciation? It’s because of   supply and demand   in most markets. As   Bankrate   says : “After all, supplies of homes for sale remain near record lows. And while a jump in mortgage rates has dampened demand somewhat,   demand still outpaces supply, thanks to a combination of little new construction and strong household formation by large numbers of millennials .” Know