The Worst Housing Markets of 2022
Abstract
Of the markets analyzed, not one market showed any sign of a positive price appreciation forecast. Click to read about -> The Hottest Real Estate Markets of 2022 Here Are the 5 Worst Housing Markets of 2022 Michigan has three of the five worst housing markets in terms of growth and stability. There is a 44% chance of a significant price decline for home buyers and from 1997 through 2021, the average home price index increased by only 83.77% or an annualized rate of return of less than 3%. 3. Overall home price growth: The total growth in home prices during tperiodiod we analyzed. Top 5 Coolest Housing Markets of 2022 in the United States In June, Bankrate also released a report on which real estate markets are doing the worst during the pandemic-led housing boom. Even though the housing market is bad for buyers all over the country, home prices have gone up more in some places than in others. According to Mark Zandi, chief economist at Moody's Analytics, "The most overvalued markets are in the South and Southwest," in those areas where home prices got "Juiced up by remote work" during the COVID pandemic.
