Home Price Forecasts Revised for 2023 [INFOGRAPHIC]
![Home Price Forecasts Revised for 2023 [INFOGRAPHIC] Simplifying The Market](https://img.chime.me/image/fs/chimeblog/20230909/16/original_b8722d69-f121-46c8-9c88-9e7bc7feb3f8.png)
Some Highlights
- Last year, some housing experts projected a decline in home prices by the end of 2023. But that didn’t happen – inventory was just too low.
- While it’s normal for experts to re-forecast throughout the year, the good news for 2023 is that prices are no longer projected to decrease.
- Connect with your trusted real estate agent to find out what’s happening with home values in your local area.
Sources
- https://www.mba.org/docs/default-source/research-and-forecasts/forecasts/mortgage-finance-forecast-dec-2022.pdf
- https://www.mba.org/docs/default-source/research-and-forecasts/forecasts/2023/mortgage-finance-forecast-aug-2023.pdf
- https://www.fanniemae.com/media/45801/display
- https://www.fanniemae.com/media/48726/display
- https://twitter.com/NewsLambert/status/1671900591113609216 (Morgan Stanley)
- https://twitter.com/NewsLambert/status/1671556169712672768 (AEI)
- https://www.zillow.com/research/data/
- https://www.zillow.com/research/housing-market-challenges-32923/
- https://ustoday.news/a-20-drop-in-house-prices-7-forecast-models-tend-to-crash-here-the-other-13-models-show-the-housing-market-in-2023/ (Wells Fargo)
- https://twitter.com/NewsLambert/status/1686959362563092480 (Wells Fargo)
- https://twitter.com/NewsLambert/status/1691799764466008217 (Goldman Sachs)
- https://pulsenomics.com/surveys/#home-price-expectations
- https://www.corelogic.com/intelligence/us-corelogic-sp-case-shiller-index-down-by-0-5-year-over-year-in-may-but-a-turning-point-may-be-ahead/
- https://view.e.fanniemae.com/?qs=
Categories
- All Blogs 416
- Buying a Home 24
- Financing 6
- First Time Homeowners 19
- Home Maintenance 1
- Homeownership 22
- Interest Rates 7
- Luxury Market 1
- Market Trends 22
- Mortgage News 5
- New Construction 3
- Real Estate Investing 13
- Real Estate Market 38
- Real Estate News 5
- Real Estate Tips 1
- Rental Market 3
- Selling Your Home 10
- Smart Home 1
Recent Posts
New Year, New Home: How To Make It Happen in 2025
Simple Steps To Help You Save for Your First Home
How Eco-Friendly Features Can Boost Your Home’s Value
Why More Sellers Are Hiring a Real Estate Agent
What’s Motivating More Buyers To Choose a Newly Built Home?
The Personal Joys of Having a Home To Call Your Own
The #1 Reason People Move: To Be Closer to Family and Friends
How Home Equity May Help You Buy Your Next Home in Cash
Struggling To Sell Your House? Read This.
The Biggest Perks of Buying a Home This Winter