It is clear that 2022 will be another strong housing market, with prices continuing to rise. Interest rates could dampen activity, however the demand drivers for home sales are expected to continue for the next several years.
But 2022 won’t be a carbon copy of last year. There will be different winners and losers, according to a recent analysis by Zillow. For instance, it predicts that Tampa will become the fastest growing market in terms of home value this year, up from fourth place in 2021. It also points out that some cities’ home values are closely correlated with stock market gains and losses. So if this week’s rout is any indication of how 2022 will play out, we can expect to see such cities as Phoenix and Las Vegas disproportionately affected. For more of Zillow’s analysis, see our slideshow above.