Will Home Prices Plunge in 2022?
The past few years have been great for homebuyers from a mortgage rate perspective. But from a home price perspective, they've been downright awful.
Since the start of the pandemic, prospective buyers have had to grapple with record-low inventory. That, combined with attractive borrowing rates, created a surge in buyer demand that sent home values upward.
In February, the median existing home sale price was $357,300, according to the National Association of Realtors. That marks a 15% increase from one year prior. It also represents 120 consecutive months of annual gains, which is the longest-running streak on record.
Source Fool.com
