Prospective homebuyers felt the strain of growing affordability hurdles as home prices maintained their upward trajectory in November, according to recent data from CoreLogic.
LendingTree recently released its projections for the state of real estate, jobs and the economy in 2022.
According to the company, potential economic upsides include home price moderation, improved supply chains, a better job market and fewer concerns over inflation. The company does not believe the housing market will crash next year.
The Sun Belt is in for another heated year of real estate, according to the latest report from Zillow, which ranks the top markets for 2022. All ranked states will likely face tight inventory, rising prices and strong competition, according to the company.
Tampa topped the list due to its predicted home value growth, a thriving job market, scarce and fast-moving inventory, and a solid supply of potential buyers.
President Joe Biden appointed the following individuals to serve in key regional leadership roles at the Department of Housing and Urban Development (HUD) and the Small Business Administration (SBA):
According to the White House, these regional appointees “will be critical to the President’s efforts to rebuild communities most impacted by the pandemic, the economic recovery and climate change.”
It’s natural to second-guess your choice after making a significant purchase like your first home. Here are some strategies to help you cope.
Is price haunting you? If you see more affordable houses coming on the market, you may think you overpaid. You may start to reconsider your budget and wonder if you’ll end up house poor.