2022 Housing Market Year In Review: Looking Back on a Historic Year
Redfin
DECEMBER 29, 2022
17 housing trends that defined the year, including record home prices and sky-high mortgage rates. For the first time in history, mortgage rates doubled in the span of just one year. In May, the typical home sold for $430,365, a record high since records began in 1963 , shattering 2021’s high of $386,000.
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