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Loan officers are starting to loosen their lending standards — albeit a little — to keep their pipelines nice and fat.
For homebuyers who are still actively searching for a home, lower competition and more seller activity will provide some relief.
Active listings will grow 15% year-over-year as the inventory recovery accelerates in 2022.
Home inventory increased for the first time in three years but the median national home price climbed to an all time high of nearly half a million dollars.
Nearly half (45%) of 2022 seller-buyers plan to buy outside of their current city or town; 9% say they would move out of state for better deals.
Realtor.com reported Thursday that the median rent price hit $1,827 in April.
