A new long-term housing boom is on the way due to COVID-19 according to market experts. Lower interest, mortgage rates, and falling prices will form a favorable economic climate in the real estate market. However, in the long-term, the introduction of higher mortgage rates is forecast in 2022, which will decrease the demand for housing. Prices of housing are expected to fluctuate from 4.5% in 2022 to 3.7% in 2023, 3.5% in 2024, and 3.6% in 2025 due to the rise of the housing supply.