www.zerohedge.com By  24RICHIE
With home prices increasing massively in 2021 folks in the real estate and mortgage businesses and anyone thinking of buying a home want to know what home prices will do in 2022. A lot of people write about this but there is one person – Ed Pinto – who not only has decades of experience with this but more importantly bases what he writes on the most current data.
I want to prefix this piece with an update he expressed in an email of 12/29:
âMy constant quality forecast for all of 2022 is now 12-14% (rather than 10-12%.)â
November 2021 HPA (Home Price Appreciation) came in at 16% and our projection for Feb. 2022 is 15% (based on Optimal Blue rate lock data.) Â Optimal Blue is the software program used by folks in the mortgage business to lock mortgage rates and is the most timely measure of home prices.
