17 housing trends that defined the year, including record home prices and sky-high mortgage rates The 2022 housing market was nothing short of remarkable. The pandemic and resulting remote work continued to define how, when, and where people bought homes. The median U.S. home price hit a record high before falling slightly. Rising rents stretched renters’ budgets. High inflation put increased pressure on almost everyone. For the first time in history, mortgage rates doubled in the span of just one year. The list goes on In general, 2022 was a reaction to the dramatic real estate boom in 2021. The year started with a surge in prices and growth across the board before falling alongside record inflation in the fall. November and December saw a much slower and seasonally-expected housing market, with year-over-year changes in rent prices, house prices, and interest rates either falling or slowing down. Below is a non-exhaustive list of data points and visuals that defined the 202...