Market Data January 6, 2023

2023 Real Estate Market Outlook (And What It Means for You)

So what can we expect in 2023? Will mortgage rates continue to climb? Could home prices come crashing down? In the simplest sense, nationally, experts don’t expect prices to come crashing down, but the level of home price moderation will depend on factors like supply and demand in each local market. Just as the national housing market is unlikely to see any sort of housing market correction like that of 2008, the same is true of our local market.