Housing Market Forecast for the Rest of 2023 [INFOGRAPHIC]
![Housing Market Forecast for the Rest of 2023 [INFOGRAPHIC] Simplifying The Market](https://img.chime.me/image/fs/chimeblog/20230805/16/original_48c73003-8244-496c-814d-41453181d187.png)
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.
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Devon Marie Ferdinand
Broker | License ID: 10311209766
Broker License ID: 10311209766