Housing Market Forecast for the Rest of 2023 [INFOGRAPHIC]
The Mullin Message
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.
If you're considering a move but concerned over interest rates or price movements, contact us and we'll walk you through the ACTUAL dollar risks and ways to lower those risks. Prices and interest rates move daily, but where you wake up every morning and live every day may have a more meaningful impact to you and your family if you can manage your risks.