Is the housing market ascending or is it on the decline? Is there a risk that rates will continue to rise or that housing prices will continue to appreciate?
Prices are rising due to a mismatch between supply and demand. Many experts predicted that the pandemic would cause a housing crash. However, the market is in far better shape today than it was a decade ago. The housing industry has had a boom last year, with the largest annual gain in single-family house values and rentals, historically low foreclosure rates, and the highest number of home sales in 15 years.
Here's what experts predict will happen in the housing market in the coming months and years. In light of what real estate professionals are forecasting, these are some educated…
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