Another 13%? A Home Price Prediction for 2022
✉️ Want to forward this article? Click here.
If the home price increases of 2021 were too much for you, you might want to brace yourself for next year.
A new report from Zillow predicts that U.S. home prices could rise 13.6% between October 2021 and October 2022.
"We expect home values to grow 13.6% over the twelve months ending October 2022," the Zillow report stated. "The strong long-term outlook is driven by our expectations for tight market conditions to persist, with demand for housing exceeding the supply of available homes."
story continues below
loading...story continues above
It will be interesting to see if this prediction holds true in the DC area, given the rapid trajectory of prices in recent years.
DC home prices are up 4.5% compared to October 2020, 22% compared to October 2019 and nearly 30% since October 2017. For the DC region, prices are up 7% since October 2020, 18% since October 2019 and 26% compared to October 2018.
This article originally published at https://dc.urbanturf.com/articles/blog/another-13-a-home-price-prediction-for-2022/18972.
Most Popular... This Week • Last 30 Days • Ever
This article discusses the variety of rental restrictions that may exist in condomini... read »
The new project is just the latest affordable development to move forward in DC.... read »
The new plans for the development along 11th Street continue to move forward.... read »
In the spring of 2023, the Arlington County Board voted unanimously to approve allowi... read »
The new development, designed by KGD Architecture, would take the place of a two-stor... read »
- Understanding Rental Restrictions in Condominiums
- 11-Story, 46-Unit Development Pitched For A Pair Of Downtown DC Rowhouses
- Plans Filed For 65-Unit Affordable Development In U Street Corridor
- Court Decision Overturns Missing Middle Ordinance in Arlington
- Jair Lynch Pitches 110-Unit Affordable Development Along Columbia Pike
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro