2022 Home Prices Expected to Continue to Rise
Last year the average increase in home prices per Zillow was 19%, this year they are predicting the average increase will be 11%.
To give you an idea of what this means, take a look at these numbers.
If you had bought in the beginning of 2021 you would have paid around $840K, at the end of the year the home was going for $1M and by the end of 2022 it'll be selling for $1.111M.
This story has been consistent every year since the market rebounder after the sub-prime crash. There was one hiatus in stead upward climb which was between June to Dec 2018. If you are planning to buy, soone is always better.
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