Housing market can look forward to a more boring 2022

One reason buyer demand and pricing are holding up is that affordability remains pretty good - perhaps a surprise to onlookers wondering how that could be possible given the amount of home price appreciation that's occurred since the start of 2020. Foto: Peter Hove Olesen

After a year of soaring home prices and problems getting essential materials such as lumber, buyers and builders took a moment earlier this year to catch their breath and reassess the state of the housing market.

That gave us a few months of declines in new home sales and building permits, rising inventories of existing homes, and an end to historically high prices in lumber...

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