After last year’s record-setting real estate year, 2022 is displaying declining loan originations and refinancing activity. Since the start of the coronavirus pandemic, the housing market has taken center stage while home demand has skyrocketed. As the dust settles, the numbers now point in the opposite direction. As demand wanes, prices surge, and mortgage, refinancing, and loan applications begin to decline.

Recent reports have continued to show reasons for positivity related to the economy in job growth and inflation, but many investors continue to worry about the long-term effects leading into the rest of the year.