Experts predict what the 2022 housing market will bring

By Kathy Orton | Washington Post

Last year was great for selling a home but not a great year if you were trying to buy one. Home prices rose sharply and the number of homes for sale declined. Although the 2022 housing market will still tilt toward sellers, it offers a slightly better chance for buyers to snag their dream homes.

The story of 2021 was how quickly home prices accelerated. The national median home price hit $362,800 in June, an all-time high, according to the National Association of Realtors. The Case-Shiller home price index peaked in August when prices rose 19.8 percent year-over-year that month. Phoenix home prices were up 33.3 percent annually, San Diego home prices were up 26.2 percent, and Tampa home prices were up 25.9 percent.

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