![]() ![]() ![]() But a Boise real estate market crash seems unlikely in 2022 or 2023. Of course, they weren’t even close: The housing market during the COVID-19 pandemic has been among the tightest and most competitive in U.S. Boise Real Estate Market Forecast 2021-2022 (Latest Predictions) What are the Boise. For that same period, Zillow forecast that prices would fall 2% to 3%. At the onset of the pandemic-which saw some states temporarily ban in-person real estate viewings while the unemployment rate soared to nearly 15%- CoreLogic forecast that between April 2020 and April 2021 home prices would fall 1.3%. The Fed doesn’t plan to stop there, revealing new projections. Boise, ID metro area housing sales stats, September, 2021. Troy Maben, Associated Press As inflation continues to grip the U.S.’s economic outlook, a national economist is predicting some overvalued regional housing markets could see home prices drop 15 to 20 if a recession hits. A Fed rate hike indirectly impacts long-term home loans, such as 30-year, fixed-rate mortgages. ![]() Average mortgage rates in the US have been on the rise since September when the Fed announced that they would start their taper. But a Boise real estate market crash seems unlikely in 2022 or 2023. Investor Peter Boockvar delivers a housing price bubble warning. So, if there were trouble in the housing market, we’d likely see it in the higher end first. Published Fri, 7:02 AM EDT Updated Fri, 10:06 AM EDT. We should also emphasize how hard it is to forecast home price growth. Tri Pointe sells at the higher end of the market, with average sales prices of over 600K per home. For the 2022 calendar year, John Burns Real Estate Consulting and Freddie Mac are forecasting home price growth of 4% and 5.3%, respectively. Over the coming 12 months, CoreLogic forecasts only a 2.2% jump in U.S. But it’s also a bit of an outlier when compared with other real estate firms’ outlooks. There’s no doubt about it: This forecast by Zillow is very bullish. ![]()
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