Housing Market Forecast for the Rest of 2023

Posted bylovingazhomesPosted inArizona, Az, Chandler, home, home buyer, home owner, home seller, Loving AZ Homes, real estate, Scottsdale, UncategorizedTags:, , , , , , , , , , ,

 
Some Highlights

 

  • Want to know what experts are saying about the housing market forecast for the rest  of 2023? Home prices are already appreciating again in many areas. The average of the expert forecasts shows positive price growth.
  • Where mortgage rates go for the rest of the year will depend on inflation. Based on historical trends, rates are likely to ease as inflation continues to cool which should affect the housing market forecast.
  • Even though low inventory continues to be a challenge, experts project 5 million homes will still sell this year. That pace should pick up if rates come down

If you are thinking about selling your home, let’s chat about the current housing market forecast in your area. Most cities in the Phoenix area are in a Seller’s Market, outliers like Casa Grande, are a buyers market. Fill out the form below for more information.

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Published by lovingazhomes

Growing up, as the daughter of a WWII Marine Veteran, I learned the value of honoring those who fought for our freedoms, taught our freedoms, protected our freedoms, and made sure we were secure healthwise to pursue our freedoms. Nothing is more important to me than serving these heroes in what will be one of the largest purchases of their life, that of buying a home where they can grow roots of their own. You aren't a client when you choose me to help find your home, you're family. How can I serve you?

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