Skip to content
Skip to content
Mortgage Payment
Envelope Facebook Twitter Linkedin Instagram
Search
Find a Branch
  • Home Page
  • Locations
  • Pick Your Mortgage
    • BuyAHome
    • SaveMoney
    • UseMyVABenefits
    • BuyBig
    • Remodel
    • HelpWithDownPayment
    • RuralHousing
    • CreditChallenged
    • RetireComfortably
  • Loan Options
    • TRADITIONAL PROGRAMS
    • Purchase
    • Refinance
    • Conventional Loan
    • FHA Loan
    • VA Loan
    • Jumbo Loan

    • SPECIALTY PRODUCTS
    • Home Select
    • Portfolio Lending
    • FHA Approved Condos
    • FHA No Credit Score
    • Reverse Mortgage
    • HERO Loan
    • USDA Loan
    • USDA Renovation
    • Physician Loan
    • Renovation Loan
    • HELOC
    • Self Employed
    • Down Payment Assistance Loans
    • First Time Home Buyers
    • Credit Challenged
    • Fixed vs. Adjustable Rate Mortgages
    • Arrive Home Program
  • Apply now
    • Long Form
    • Short Form
  • Resources
    • Mortgage News
    • Geneva AMP
    • Mortgage Payment
    • Login to My Loan
    • Mortgage Calculators
    • Homebuyers Guide
    • Mortgage FAQ
    • Today’s Rates
    • Mortgage Terms Defined
  • Home By Geneva
  • Careers
    • Branch & LO Opportunity
    • Operations
  • Our Story
    • About Geneva Financial
    • Leadership Team
    • Press Releases
    • Contact Us
    • Be A Good Human
    • Human Stories
    • Client Reviews
  • Home Page
  • Locations
  • Pick Your Mortgage
    • BuyAHome
    • SaveMoney
    • UseMyVABenefits
    • BuyBig
    • Remodel
    • HelpWithDownPayment
    • RuralHousing
    • CreditChallenged
    • RetireComfortably
  • Loan Options
    • TRADITIONAL PROGRAMS
    • Purchase
    • Refinance
    • Conventional Loan
    • FHA Loan
    • VA Loan
    • Jumbo Loan

    • SPECIALTY PRODUCTS
    • Home Select
    • Portfolio Lending
    • FHA Approved Condos
    • FHA No Credit Score
    • Reverse Mortgage
    • HERO Loan
    • USDA Loan
    • USDA Renovation
    • Physician Loan
    • Renovation Loan
    • HELOC
    • Self Employed
    • Down Payment Assistance Loans
    • First Time Home Buyers
    • Credit Challenged
    • Fixed vs. Adjustable Rate Mortgages
    • Arrive Home Program
  • Apply now
    • Long Form
    • Short Form
  • Resources
    • Mortgage News
    • Geneva AMP
    • Mortgage Payment
    • Login to My Loan
    • Mortgage Calculators
    • Homebuyers Guide
    • Mortgage FAQ
    • Today’s Rates
    • Mortgage Terms Defined
  • Home By Geneva
  • Careers
    • Branch & LO Opportunity
    • Operations
  • Our Story
    • About Geneva Financial
    • Leadership Team
    • Press Releases
    • Contact Us
    • Be A Good Human
    • Human Stories
    • Client Reviews

What Does the Rest of the Year Hold for Home Prices?

Home>> What Does the Rest of the Year Hold for Home Prices?

Whether you’re a potential homebuyer, seller, or both, you probably want to know: will home prices fall this year? Let’s break down what’s happening with home prices, where experts say they’re headed, and why this matters for your homeownership goals.

What Does the Rest of the Year Hold for Home Prices?
What Does the Rest of the Year Hold for Home Prices?

Last Year’s Rapid Home Price Growth Wasn’t the Norm

In 2021, home prices appreciated quickly. One reason why is that record-low mortgage rates motivated more buyers to enter the market. As a result, there were more people looking to make a purchase than there were homes available for sale. That led to competitive bidding wars which drove prices up. CoreLogic helps explain how unusual last year’s appreciation was:

“Price appreciation averaged 15% for the full year of 2021, up from the 2020 full year average of 6%.”

In other words, the pace of appreciation in 2021 far surpassed the 6% the market saw in 2020. And even that appreciation was greater than the pre-pandemic norm which was typically around 3.8%. This goes to show, 2021 was an anomaly in the housing market spurred by more buyers than homes for sale.

Home Price Appreciation Moderates Today

This year, home price appreciation is slowing (or decelerating) from the feverish pace the market saw over the past two years. According to the latest forecasts, experts say on average, nationwide, prices will still appreciate by roughly 10% in 2022 (see graph below):

What Does the Rest of the Year Hold for Home Prices?

Why do all of these experts agree prices will continue to rise? It’s simple. Even though housing supply is growing today, it’s still low overall thanks to several factors, including a long period of underbuilding homes. And experts say that’s going to help keep upward pressure on home prices this year. Additionally, since mortgage rates are higher this year than they were last year, buyer demand has slowed.

As the market undergoes this change, its true price appreciation this year won’t match the feverish pace in 2021. But the rapid appreciation the market saw last year wasn’t sustainable anyway.

What Does That Mean for You?

Today, the market is beginning to move back toward pre-pandemic levels. But even the forecast for 10% home price growth in 2022 is well beyond the 3.8% that’s more typical for a normal market.

So, despite what you may have heard, experts say home prices won’t fall in most markets. They’ll just appreciate more moderately.

If you’re worried the house you’re trying to sell or the home you want to buy will decrease in value, you should know experts aren’t calling for depreciation in most markets, just deceleration. That means your home should still grow in value, just not as fast as it did last year.

Bottom Line

If you’re thinking of making a move, you shouldn’t wait for prices to fall. Experts say nationally, prices will continue to appreciate this year, just at a more moderate pace. When you’re ready to begin the process of buying or selling, let’s connect so you have a local market expert on your side each step of the way.

Check out what your loan payment may look like using our interactive mortgage calculator:

Lock Assure

Lock Assure™ Powered By Geneva Financial

How Homeownership Impacts You

Three Tips For First Time Homebuyers

Share:

More Human Stories

Classic Retro Wireless Headphones

Bring vintage style into the modern era with

Soundtrack Your Summer: A Step-by-Step Guide to Crafting Your Perfect Playlist

Home By Geneva>Soundtrack Your Summer: A Step-by-Step Guide

Think No One’s Buying Homes Right Now? Think Again

Think No One’s Buying Homes Right Now? Think Again

If you’ve seen headlines saying home sales are

Cherry Coke Margarita Slushies

When your summer playlist is on point, you

Rapid Rate Quote

PrevPreviousBuying a Home Vs. Renting a Home
NextExperts Increase 2022 Home Price ProjectionsNext

Find a Branch

Mortgage Calculator

Homebuyer's Guide

Get Today's Rates

Apply for a Mortgage or Refinance

Loan Programs

Mortgage Terms Defined

Login to an Existing Mortgage Loan

Careers

Contact Us
  • 180 S. Arizona Ave Ste 310 Chandler, AZ 85225
  • (888) 889 - 0009
  • humansupport@genevafi.com

Your Mortgage Options

  • Apply Now
  • Mortgage Payment
  • Find a Licensed Loan Officer
  • Check Today’s Rates
  • Mortgage Calculator
  • Homebuyer Mortgage Guide

Geneva Goodies

  • Branch Manager and Loan Officer Opportunities
  • Home by Geneva - Home Design & Lifestyle
  • Geneva Gives

Geneva Financial offers Conventional, FHA, VA, USDA, Refinance, Reverse, Jumbo and Condo Financing as well as Down Payment Assistance Programs, First-Time Homebuyer Programs, Physician Loans and Hero Loans for First Responders, Police, Firefighters, Nurses, and Teachers.

Geneva Financial LLC, Copyright © 2025
NMLS #42056 | BK #0910215 | MA #ML42056 | CA #603G564
Privacy | Legal Disclaimer | An Equal Housing Lender | All Rights Reserved
  • Site Accessibility
  • Communication Opt Out
  • Disclosures and Licenses
  • Terms of Use
  • Security and Privacy
  • Email and Text Policy
  • Do Not Sell My Personal Information
  • Site Accessibility
  • Communication Opt Out
  • Disclosures and Licenses
  • Terms of Use
  • Security and Privacy
  • Email and Text Policy
  • Do Not Sell My Personal Information
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT

Quick Rate Quote