Home Price Forecasts Revised for 2023 [INFOGRAPHIC]
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.
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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.
Want to know what experts say will happen in the rest of 2023?
Thinking of buying or selling a house and wondering what the new year holds for the housing market?
If you’re worried about what’s next for home prices, know the HPES shows experts are projecting they’ll continue to rise at least through 2028.
Over the past few months, experts have revised their 2024 home price forecasts based on the latest data and market signals, and they’re even more confident prices will rise, not fall.
Are you thinking about making a move?
While this isn’t the frenzied market we saw during the ‘unicorn’ years, homes that are priced right are still selling quickly and seeing multiple offers right now.
There are only about half the number of homes for sale compared to the last normal years in the market.
According to the latest data from Fannie Mae, 23% of Americans still think home prices will go down over the next twelve months.
The new year is right around the corner, and you might be wondering if 2024 will be the right time to buy or sell a home.
Even with so much data showing home prices are actually rising in most of the country, there are still a lot of people who worry there will be another price crash in the immediate future.
If you’re thinking about buying a home this year, be sure to consider the long-term financial advantages of homeownership, like home equity.
Even though home prices are going up nationally, some people are still worried they might come down.