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Housing Market Forecast for the Rest of 2023 [INFOGRAPHIC]

August 3, 2023

Some Highlights

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.

Recent Blog Posts

How Today’s Mortgage Rates Impact Your Home Purchase

September 26, 2023

Mortgage rates directly impact the monthly payment you’ll have on the home you purchase.

Homeowners Have a Lot of Equity Right Now [INFOGRAPHIC]

August 31, 2023

If you’ve been in your home for a while, you might have gained a considerable amount of equity, too.

How Inflation Affects the Housing Market

August 30, 2023

Here’s a high-level overview of the connection between the inflation and housing market.

Buyer Traffic Is Still Stronger than the Norm

August 29, 2023

The latest data shows plenty of buyers are still out there, and they’re purchasing homes today.

Gen Z: The Next Generation Is Making Moves in the Housing Market

August 28, 2023

Here’s some information you may find helpful on why and where your peers are buying.

More Jobs and Better Pay Leads to More Buyer Demand

August 23, 2023

If you’re thinking about selling your house, a strong job market, growing wages, and the resulting buyer demand is fantastic news.

Don’t Expect a Wave of Foreclosures [INFOGRAPHIC]

August 17, 2023

Since most are paying on time, a wave isn’t coming.

People Want Less Expensive Homes – And Builders Are Responding

August 16, 2023

More people are buying less expensive newly built homes right now while affordability remains a challenge.

Don’t Expect a Flood of Foreclosures

August 15, 2023

There aren’t many homeowners who are seriously behind on their mortgage payments.

Work With Us

We’re here to work alongside you to help you make informed decisions when buying or selling your home or investment. Contact us to get started today.