Portland Real Estate Market Forecast 2022
December 31, 2021
We looked for anyone forecasting a decline in home prices in 2022 nationally or locally and couldn’t find a single reputable source. The lowest forecast for the nations real estate market in 2022, is Realtor.com’s 2.9% increase prediction. Summer 2022 Market Forecast Update. Since writing this forecast at the beginning of the year, the aggressive increase of interest rates (by more than double previous rates) has caused an unexpected slowdown (at least more of a slowdown than was previously projected). All major industry news portals have revised and reduced their real estate market outlooks. Looking back at Q1 we say skyrocketing home prices in the greater Portland metro area and will still likely see some increase in Q2. However, it...