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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.
If you're planning to buy a home, one thing to consider is what experts project home prices will do in the future and how that might affect your investment.
Want to know what experts say will happen in the rest of 2023?
- Many people remember the housing crash in 2008, but experts say today’s market is fundamentally different in many ways.
- First, there isn’t an oversupply of homes for sale today. Plus, lending standards are much tighter, and homeowners have record levels of equity. That means signs say there won’t be a wave of foreclosures like the last time.
Everywhere you look, people are talking about a potential recession.
If you’re thinking about buying a home, you want to know the decision will be a good one.
- What does the coming year hold for the housing market? Here’s what experts project for 2022.
- Mortgage rates are projected to rise and so are home prices. Experts are forecasting buyer demand will remain strong as people try to capitalize on rates and prices before they climb, creating another strong year for home sales.