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