August 1, 2022

Housing market halftime is over: Here's what the 3rd quarter will look like

The third quarter of the year, which kicked off a month ago, brought a few surprises to the market – including a slight dip in mortgage rates and signs of falling home sales.

But the near-term future looks relatively predictable to many pros, who foresee slightly lower or stabilized mortgage rates, relatively high home prices, and lingering supply issues despite more inventory expected. Industry insiders are also mindful of a possible recession, which could alter prospects for the rest of 2022.

Curious what housing drifts are anticipated by those in the know? Eager to learn if buying or selling is a smart move between now and the end of September? Read my newest piece for Bankrate (available here) for valuable insights and helpful recommendations offered by different industry experts.