I’m always so excited when the new Monday’s With Matthew comes out!. Matthew Gardner is Windermere’s chief economist. This is his forecast for next year’s US housing market and economy as a whole. According to Mr. Gardner’s projections, towards the end of 2022 we will see employment rates return to pre pandemic levels and inflation will be decreasing. We will trending towards a more balanced real estate market. Mortgage rates will continue to creep up but not too high (towards 4%) and housing appreciation will remain robust but not at the levels we’ve seen for the past 18 months.
If you are interested in a look at recent trends in Western Washington specifically you can check out the Q3 edition of the Gardner report that I’ve uploaded here. For a report on your current neighborhood or the area you’re looking to purchase in I can’t recommend a better resource than the Neighborhood News.