The spring 2022 housing market will absolutely crush buyers—Zillow says home prices to spike 22%

Heading into 2022, there was a wide consensus among real estate firms that the annual rate of home price growth—which peaked at 20% in August 2021 —would steadily decelerate this year as some normalcy began to return to a housing market that had boomed during much of the pandemic. But now some experts aren't so sure.

If inventory stays low prices will continue to soar and push more first time homeowners out of the market. Leaving investors. What happens if rental prices exceed the local market

What's going on? Instead of inventory levels beginning to normalize this year, the situation is getting worse. In January 2021, the number of homes for sale was 26% below the level hit in January 2020. Last month we were 42% below January 2020. That lack of inventory means buyers will once again be forced to bid up prices if they hope to land a home.