The housing market continues to play a key role in leading the economy through another challenging year. In 2021 median home prices continued to soar as a result of solid buyer demand and the limited number of homes available for sale. The number of closed sales was relatively flat as months of inventory available is near historic lows.
The bottom line is that 2021 was definitely a seller’s market where bidding wars continued and homeowners realized significant gains on one of their most largest investments – their home!
Mortgage Rates Continue to Move Sideways Heading into 2022
