Tuesday, August 8, 2023

🚨 Housing market predictions revised for 2023, Nancy

Nancy, the housing market predictions are revised for 2023, now home prices and rents to are expected to... (continue reading).
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Housing Market Predictions Revised for 2023

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  Prepared for:  
 Nancy Monts-lium 

Report Source: Realtor.com®

Nancy, the housing market predictions are revised for 2023, now home prices and rents to are expected to . The avg list price is expected to 0.6% yearly, compared to the prior prediction of 5.4%.

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Predicted Fluctuations in the Market..

Rents are predicted to 0.9% yearly, given a growing supply of rental properties, reversing the earlier forecast of 6.3%

While the Fed has indicated more monetary tightening is coming, mortgage rates should retreat when that cycle is done

This means affordability will start to improve, but not drastically

 

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Anna Perry 

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