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
Selling and Buying at the Same Time? Here’s What You Need To Know
Should You Buy a Vacation Home?
What You Should Know About Getting a Mortgage Today
Think No One’s Buying Homes Right Now? Think Again.
Why Big Investors Aren’t a Challenge for Today’s Homebuyer
Top 5 Reasons To Hire a Real Estate Agent When You Sell
Multi-Generational Homebuying Hit a Record High – Here’s Why
What Every Homeowner Needs To Know In Today’s Shifting Market
Think It’s Better To Wait for a Recession Before You Move? Think Again.
Why Your Home's Asking Price Matters More Today
“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”