Is a Recession Ahead in the Housing Market?
Goodbye 2022 – remembered as a year of housing volatility. Hello, 2023 – likely to be the year of the long-lost normalcy returning to the market.
If you are wondering if this is good – YES, it is. Normalization is great for stability.
Mortgage rates are expected to stabilize while home sales and prices moderate after recent highs, according to the National Association of Realtors forecast.
Not Increasing as Fast Isn’t the Same as Decreasing
Realtor.com Chief Economist Danielle Hale was upbeat about the prospects of property appreciation, projecting a 5.4% increase in existing-home prices...