6 Reasons Home Prices Will Keep Going Up -- and What Buyers Can Do About It

The slowdown in the supply chain, a problem that began at the start of the pandemic, continues to derail builders' plans for home construction. For the average American, selling your home is usually a prerequisite for buying a new one, but the pressure of today's market leaves less time to take advantage of that option for many people," says Langone. The benefits of low interest rates and rising property values throughout the pandemic spurred homeowners to take advantage of their home equities through cash-out refinances -- in other words, replacing an old mortgage with a new, higher balance loan.

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