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Housing Price Gains to Mellow Out in 2022

On The Horizon

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Housing | Range Homes

Patience will be appreciated.

The rise in home prices last year needs no introduction here (up 15% year-over-year, fastest rate of appreciation ever recorded, etc.). But it turns out that 2021 really was a year like no other, with appreciation set to gradually cool over the next 12 months and reach a healthy-but-normal rate of 3.5% by December, according to the newest report from CoreLogic.

The prime factors reigning in that wild growth rate are rising mortgage rates and new construction. As many as one out of three houses on the market right now are new builds, which is an all-time high in itself.

Source: Housing Wire

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Mark Pages-Oliver, MBA – DRE:02020349 | Lisa Caldwell – DRE:01267745 | Range Homes – DRE:02111757

Mark Pages-Oliver, MBA – DRE:02020349

Lisa Caldwell – DRE:01267745

Range Homes – DRE:02111757

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