Housing Market Forecast For the Rest of 2023

What will happen in the housing market for the rest of 2023? Here's what expert think

Home Prices

Home prices will vary by local market. The Good news is, prices are already appreciating again in many areas and the average of the expert forecasts shows positive price growth

Mortgage Rates

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.

Home Sales

While low inventory continues to be a challenge in the housing market, experts project 5 million homes will still sell this year. That pace should pick up rates come down.

Curious about the upcoming trends in the #housingmarket for the rest of 2023? Take a glimpse at experts' projections for key indicators. The consensus among experts suggests potential growth in home prices, possible decline in mortgage rates, and a robust number of home sales. Interested in delving deeper? Let's get in touch. Contact us through call or email. 626-653-6903 | info@thechouteam.com Free Home Valuation: mikechou.lucidoglobal.com