CNN BUSINESS | The housing market was on a wild ride this year. Here’s what to expect in 2022

(CNN) – The US housing market has had a white hot year. Home sales are on track to reach the highest level in 15 years, with an estimated 6 million homes sold in 2021.

But whether you benefited from this surge depended a lot on if you were selling a home or buying one.

Homeowners saw average home prices skyrocket nearly 20% through the third quarter compared to a year ago, according to the Federal Housing Finance Agency. It was the largest annual home price increase in the history of the agency’s House Price Index. And, in some hot markets, the price increase was double that.  –read more–