2023 Housing Marketing Forecast
Home Price Appreciation Will Vary
Some experts call for slight appreciation and some call for slight depreciation on a national level.
In short, home price appreciation will vary by a local market. It's all about supply and demand. But, the average is neutral price appreciation for the country.
Mortgage Rates Will Respond to Inflation
Where mortgage rates will go from here largely depends on what happens with inflation in the year ahead.
- From home sales to prices, the 2023 housing market will be defined by mortgage rates. And where rates go depends on what happens with inflation.
- If you're thinking of buying or selling a home this year, connect with a trusted real estate professional who can help you understand where the housing market is headed in 2023.
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