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Realtor.com’s 2023 forecast…

December 1, 2022 By Geoffrey Disch Leave a Comment

crystal ball

Not necessarily the rosiest predictions for 2023 – at least for homebuyers – but Realtor.com does forecast that the housing market will be a bit more stable. A few highollights:

  • Home prices will continue to climb by approximately 5.4 percent
  • Mortgage rates will continue to be high – 7.4 percent before dropping to 7.1 percent by year’s end
  • Considerably more houses on the market…
  • …but many will sit for longer as there will be fewer buyers who can afford them
  • Given all of the above,there will be fewer home sales in 2023
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Filed Under: Real Estate Tagged With: 2023 housing market forecast

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