Thinking of buying a home in 2022? Here's what to expect
CNN
If you're one of many would-be homebuyers who got shut out of the real estate market last year, you might be hoping for better luck in 2022.
The good news is that you probably won't see the jaw-dropping jumps in home prices seen last year. But prices are still expected to go higher and mortgage rate hikes are anticipated, too.
The housing market had the strongest showing in 15 years in 2021, sending home prices through the roof. Prices skyrocketed nearly 20% through the third quarter compared to a year before, according to the Federal Housing Finance Agency.
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