Short answer? No! In fact, things are looking up for 2022. The market is stabilizing as we slowly even out into something resembling a functional economy in the aftermath of the pandemic.
The long answer is that while a crash isn’t coming, it’ll take some time to balance the market properly. New houses aren’t going to be ready until the latter half of 2022, which means that the first half of the year likely won’t see that much in major changes to the Real Estate market. There’s also a consensus that the price growth rate will decelerate in turn, so that more people can afford to have a place of their own- but these numbers will likely only slow down once there’s more houses for everyone.
With how chaotic the world has been over the past two years, it’s difficult to determine exactly what’s going to happen- but with more of the world coming out and seeking out changes, it’s safe to say that while the market will stabilize we’re not out of the woods just yet.
If you’re looking for more details, check out this article– and if you’re looking for clarification or have any questions, feel free to reach out to me.