5 housing trends for 2022: What’s ahead for mortgage rates, home prices, demographic trends?

The National Association of Home Builders estimates the median price of all new and existing homes sold in the United States rose to $355,000 in the summer of 2021 from $320,000 in the third quarter of 2020. That was unchanged from the second quarter but down from 63.1 percent in the first quarter of this year and 66 percent in the first quarter of 2020, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index. “There’s no question Latino homebuyers are going to be a major force this year and in the years to come,” says Gary Acosta, CEO of the National Association of Hispanic Real Estate Professionals.

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