2022 US Housing Market Predictions in Farmington Hills Most mortgage and real estate experts agree that the US housing market is going be hot as it is still trying to regain inventory. However, competition and pricing become somewhat moderate. Overall, the housing market should continue to be strong through 2022. Demographics and record low mortgage rates will continue driving demand. In addition to this, we’ll be seeing the largest group of millennials approaching the age where they’ll buy their first homes. Despite encouraging numbers, many people feel there will still be room for improvement as demand and prices may experience a cooling down period during 2022. The once hot home sales pace is now showing signs of moderation, a hopeful sign of an increasing number of homes that will be available. Consequently, prices should begin moderating so that the balance between buyers and sellers begins to shift towards normalizing the market in 2022. The downside is that this may be offset by rising interest rates. MMS Mortgage Services, Ltd. 38275 W 12 Mile Rd #100 Farmington Hills, MI 48331 https://www.google.com/maps?cid=17636774335061292863