Real Estate Market 2023 Forecast. The fed will continue raising rates until it sees. Rent prices will rise 5% in 2023, following a 7% increase in 2022.
Though inflation eased in late 2022, it was still running at more than 7%. Real estate experts believe that due to the possible downturn, the market will most likely shift to a buyers’ market by the summer or fall of.
There Will Be Some Things For Buyers To Look Forward To In 2023.
Rent prices will rise 5% in 2023, following a 7% increase in 2022.
Meanwhile, Prices Continue To Soar To Record Highs.
Experts’ initial forecast for 2023 predicted sales would drop between 7% and 16% from last year.
However, Affordability Challenges Prevent 2023 From Being A Major Buyer’s.
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We Asked The Experts For Their Housing Market Predictions.
Foreclosure rates will remain at historically low levels in 2023, comprising less than 1%.
At The Very Least The Market Should.
Most experts consider a balanced market between four and six months.
Rent Prices Will Rise 5% In 2023, Following A 7% Increase In 2022.