Three things to consider before buying a home in 2022 – from rising interest costs to future house price drops

AFTER a wild two years, the housing market is finally starting to cool. During the pandemic, home prices skyrocketed to levels the market had never seen as some buyers were forced to pay above ask due to such high demand. 1 The housing market has seen record highs over the past two years Credit: Getty Experts say that higher interest rates, property shortages, and materials shortages are just a few reasons for the lower demand. As the Federal Reserve will most likely keep raising rates to curb inflation, homebuyers will face higher prices despite low demand. Because purchasing a home… Read Full Article