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Economic and Housing Market Outlook – Q4

Economic and Housing Market Outlook – Q4

  • 30 Year Mortgage Rate Actual for 3rd quarter of 2021 is 2.9% forecast for 4th quarter of 2021 is 3.2%. Forecast for 1st quarter of 2022 is 3.4% and is at 3.7% in last quarter of 2022.
  • Total Home Sales Actual in 2nd quarter of 2021 is at 6.6M. Forecast for 3rd quarter of 2021 is 6.7M. Forecast for 1st quarter of 2022 is 6.8M and last quarter of 2022 is 6.9M.
  • House Price Growth Actual for 2nd quarter of 2021 is 5.6%. Forecast for 3rd quarter of 2021 is at 4.1%. Forecast for 1st quarter of 2022 is 2.1% and 0.8% in the last quarter of 2022.
  • Mortgage origination Total actual for 2nd quarter of 2021 is $1,230 Bn. Forecast for 3rd quarter of 2021 is $1,068 Bn and will taper to $858 Bn in last quarter of 2021. Forecast for 1st quarter of 2022 is $713 Bn and will taper to $716 Bn in last quarter of 2022.

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