Our 2023 Mortgage Forecast & Housing Outlook
Happy 2023! We hope this data, forecast, and our opinions are helpful in guiding you or your clients to a successful year in real estate! We believe it’s a great time to buy a home, and that in 2023 we’ll begin to see many of the challenges 2022 brought us subside as home buying should become more affordable, and inventory challenges should help support home price increases at more sustainable levels than we saw in 2020-2021.
In short, it should be a good year for buyers and sellers with more balance in the market, with inventory still posing challenges in many markets. We do our best to get it right, and while we don’t have a crystal ball, we do have some data and stats to back our opinion. We hope you find the information helpful!