Tag Archives: Housing Price Increase

Redfin economists predict the 30-year fixed mortgage rate will reach 4.3% by the end of 2022, as the Federal Reserve raises interest rates to help alleviate inflation.

According to the Redfin Housing Demand Index, the amount of customers requesting home tours and writing offers is on an incline. This large demand has lead to housing price increases and shortages in inventory, which has caused experts to wonder if the result will be a cooling of the market. Of the 15 markets Redfin covers, Seattle is currently on track to be the metro with the least inventory.