Most Experts Agree
“Don't Expect Home Prices to Fall”
Don't expect home prices to fall: Not a single major real estate firm is predicting prices will fall over the coming 12 months. The reason? Inventory plummeted during the pandemic (see the chart below) and there simply aren't enough homes for sale to match demand from buyers. Even if some buyers back off in the face of higher rates, we'd still have an inventory crisis, says Nik Shah, CEO of Home.LLC, a startup that provides down payment assistance to homebuyers in return for a share of any profits. Shah tells Fortune that his forecasting shows home prices continuing to rise "in 2022 and beyond."
Source: Fortune Online, www.fortune.com
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