For homebuyers who have been dissatisfied with this yr’s extremely restricted supply of current homes, new construction may seem like an appealing various. At the top of October, the seasonally adjusted estimate of latest homes on the Land market was 389,000. According to Zillow, the housing market forecast for 2022 has improved but lingering financial uncertainty may mood a number of the predictions. Earlier this yr, Realtor.com’s housing market forecast for 2021 had predicted that the housing growth will continue however the seasonal tendencies will normalize.

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