Housing Market Forecast for the Rest of 2023 [INFOGRAPHIC]
![Housing Market Forecast for the Rest of 2023 [INFOGRAPHIC] Simplifying The Market](https://img.chime.me/image/fs/chimeblog/20230805/16/original_1c305397-075d-4536-bbdc-309905269d7f.png)
Some Highlights
- Want to know what experts say will happen in the rest of 2023? Home prices are already appreciating again in many areas. The average of the expert forecasts shows positive price growth.
- Where mortgage rates go for the rest of the year will depend on inflation. Based on historical trends, rates are likely to ease as inflation continues to cool.
- Even though low inventory continues to be a challenge, experts project 5 million homes will still sell this year. That pace should pick up if rates come down.
Categories
Recent Posts
From Frenzy to Breathing Room: Buyers Finally Have Time Again
Condos Could Be a Win for Today’s Buyers
More Contracts Are Falling Through. Here’s How To Get Ahead.
Is It Better To Buy Now or Wait for Lower Mortgage Rates? Here’s the Tradeoff
Are These Myths About Buying a Newly Built Home Holding You Back?
What You Need To Know About Concessions
Online Home-Buying Search Terms Recently Hit 2-Year High
Why Selling Without an Agent Can Cost You More Than You Think
A Second Home Might Be the Missing Piece in Your Retirement Plan
3 Advantages of Buying a Newly Built Home Today
“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”