Economic and Housing Market Outlook – Q1-2022
- 30 Year Mortgage Rate Actual for 4th quarter of 2021 is 3.1%.
- Total Home Sales Actual in 3rd quarter of 2021 is at 6.8M. Forecast for 4th quarter of 2021 is 7.1M. Forecast for 1st quarter of 2022 is 7.1M and last quarter of 2022 is 6.8M. Forecast for 1st quarter of 2022 is 6.9M and last quarter of 2022 is 7M.
- House Price Growth Actual for 3rd quarter of 2021 is 3.0%. Forecast for 4th quarter of 2021 is at 2.2%. Forecast for 1st quarter of 2022 is 1.5% up to last quarter of 2022. Forecast for 1st quarter of 2023 is 0.6% up to last quarter of 2022.
- Mortgage origination Total actual for 3rd quarter of 2021 is $1,195 Bn. Forecast for 4th quarter of 2021 is $921 Bn. Forecast for 1st quarter of 2022 is $763 Bn and will be $750 Bn in last quarter of 2022. Forecast for 1st quarter of 2023 is $680 Bn and will be $734 Bn in last quarter of 2022.
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