Homes sales are expected to cool down in 2022, as inventories pile up, according to a recent report by real estate listings website Realtor.com.
The company had earlier predicted a 6.6 percent growth in existing home sales in 2022. The latest Realtor report, published on June 13, revised this to a 6.7 percent decline. While the new forecast is a “notable step down from 2021,” if home sales meet the new lower projections, they will still reach their second-highest level since 2007, trailing behind last year’s numbers.
