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Editor’s Note: RISMedia’s Year-End Outlook series provides an in-depth analysis of the housing market’s leading indicators for economic health, and showcases expert insights on what’s to come in 2022.
From remote work trends impacting where people can live to affordability issues cropping up as home prices rise, the real estate markets in 2022 will have a fair share of new challenges and opportunities. According to the realtor.com® 2022 Housing Forecast, next year is set to be a mixed bag.
Housing trends to watch in 2022:
Mortgage applications decreased 7.2% for the week ending Nov. 26. According to the latest data from the Mortgage Bankers Association (MBA), the Market Composite Index, which measures the volume of mortgage loan applications, decreased 7.2% on a seasonally adjusted basis from the previous week.
The Federal Housing Finance Agency (FHFA) has announced the conforming loan limits (CLLs) for any mortgages acquired by Fannie Mae and Freddie Mac in 2022.
Curbio, Inc., has announced a new campaign to support families who are unable to afford a safe and healthy place to live during this season of giving. For every estimate provided by Curbio through the end of the year, the company will donate a flat rate to Habitat for Humanity, a nonprofit organization that helps people around the world build or improve a place they can call home.