California Housing Market Forecast 2021-2022
Realtor.com® 2022 Forecast for Key Housing Indicators
|Housing Indicator||2022 Realtor.com® Forecast||2021 Realtor.com® Housing Data Expectations|
|Existing Home Median Sales Price Appreciation||Up 2.9%||Up 12%|
|Existing Home Sales||Up 6.6%||6.0 million|
|Existing Home For-Sale Inventory||Up 0.3%||Down 18%|
|Mortgage Rates||Average 3.3% throughout the year, 3.6% by end of year||Average 3.0%, 3.2% by end of year|
|Single-Family Home Housing Starts||Up 5%||Up 15%|
Ralene Nelson, REALTOR®
JUST LISTED – 615 Montezuma St, Rio Vista, CA
3 bd/2 ba/1,300 sqft/Large Lot
FOR SALE – 1085 Vintage Dr Rio Vista, CA
Spinnaker model, located in Trilogy, on the 2nd fairway, with views of the pond. This is an Active Adult Community. Coveted location, currently only golf course home for sale. Two bedroom, 2 bath with den, and kitchen overlooking the golf course. Professionally landscaped with the fence, small grassy area for your pet. Patio with cover & privacy screen & walkway around home. The sunsets are spectacular from this backyard. Carpet throughout with vinyl in kitchen & bath. Oak cabinets & white tile counters. Two-car garage with built-in storage cabinets, new hot water heater.
REAL ESTATE NEWS
Where the housing market is going in 2022
as told by 7 leading forecast models
A perfect storm. That’s the best way to describe the red-hot housing market we’ve seen from coast-to-coast during the pandemic. It was spurred by a combination of recession-induced low mortgage rates, remote work allowing buyers to sprawl further away from their workplace, and a demographic wave of first-time millennial homebuyers entering into the market. Of course, years of under-building means there simply aren’t enough homes available to meet this demand. Cue record price growth.
But how much longer will this run last? After all, home price appreciation of 19.9%—a 12-month record set between Aug. 2020 and Aug. 2021—can’t be sustained forever.
Home prices up 20%, but buyers, take heart
Yearly gain smaller than the previous month, suggesting growth is flattening
U.S. home prices remain significantly higher than a year ago, but the growth is easing and perhaps even ending, according to new figures.
U.S. home prices increased 19.5 percent year-over-year in September, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index released Tuesday. The year-over-year rise in home prices was just below the 19.8 percent annual rise in August.
Things To Do This Weekend in Northern California
Holiday Home Tour 2021 in Rio Vista
Sat, December 4, 2021, 11:00 AM – 4:30 PM PST
Rio Vista, 116 Main Street, Rio Vista, CA
Holiday Home Tour 2021 brings you 7 exciting homes to tour in their holiday finest.
About this event
The 2021 Holiday Home Tour hosted by RioVision will be held on December 4, 2021, in conjunction with other holiday activities. It will be a day of fun and shopping as you ooh and ahh at the beautifully decorated homes in Rio Vista and shop at the Olde Tyme Christmas Faire in the Rio Vista Museum. Tickets are available for General Admission to only the home tour for $25.00. Our very special VIP Tickets (limited to 65) includes a river view experience, refreshments, and the Holiday Home Tour for $50.00.
Super Holiday Boutique – 12th annual FREE in Concord
5298 Clayton Rd, Concord, CA
Free Family Ticket includes $2 Holiday Buck (presented at check-in) and pre-registration for Holiday Raffle. Ticket NOT NECESSARY for admission. ONE REGISTRATION PER FAMILY.
The Nutcracker in Tracy
FRIDAY, DECEMBER 3, 2021 AT 7:00PM &
SATURDAY, DECEMBER 4, 2021 AT 1:00PM
715 Central Avenue
Tracy, CA 95376
Mon. – Thurs.: 8AM – 6PM
Fri.: 8AM – 5PM
(Closed Alternate Fridays)
We will also be open one (1) hour prior to any ticketed performance!
Polar Express Train Rides
at Railtown 1897 State Historic Park
Starts: November 26, 2021
Ends: December 18, 2021
Occurs: Sunday, Friday, Saturday
Time: Departures: 4:30, 6:00pm, 7:30pm
18115 5th Ave., Jamestown, CA 95327
Event Type: Arts, Theatre & Performance