As rising inflation and mortgage rates bring U.S. housing demand back from the 2021 frenzy, Realtor.com‘s newly updated 2022 forecast predicts inventory will grow double-digits over 2021 and offer buyers a better-than-expected chance to find a home. Home sales will hit the second-highest level in 15 years, trailing only the 2021 pace, as rising incomes combined with higher housing costs continue to present a mixed bag of affordability issues.
The updated forecast anticipates a