{"id":18639,"date":"2023-02-04T15:19:33","date_gmt":"2023-02-04T21:19:33","guid":{"rendered":"https:\/\/dallasprobatesupport.com\/?p=18639"},"modified":"2023-02-04T15:47:59","modified_gmt":"2023-02-04T21:47:59","slug":"experts-forecast-a-turnaround-in-the-housing-market-in-2023","status":"publish","type":"post","link":"https:\/\/DallasProbateSupport.com\/?p=18639","title":{"rendered":"Experts Forecast a Turnaround in the Housing Market in 2023"},"content":{"rendered":"\n
\"Experts<\/figure>\n\n\n\n

The housing market has gone through a lot of change recently, and much of that was a result of how quickly\u00a0mortgage rates\u00a0rose last year.<\/p>\n\n\n\n

Now, as we move through 2023, there are signs things are finally going to turn around. Home\u00a0price appreciation\u00a0is slowing from the recent frenzy, mortgage rates are\u00a0coming down, inflation is easing, and overall market activity is starting to\u00a0pick up. All of that\u2019s great news for the housing market this year. Here\u2019s what experts are saying.<\/p>\n\n\n\n

Cristian deRitis, Deputy Chief Economist, <\/strong>Moody\u2019s Analytics<\/em><\/strong><\/a>:<\/strong><\/h5>\n\n\n\n
\n

\u201cThe current state of the housing market is that it is certainly in transition<\/strong>.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

Susan Wachter, Professor of Real Estate and Finance, <\/strong>University of Pennsylvania\u2019s Wharton School<\/em><\/strong><\/a>:<\/strong><\/h5>\n\n\n\n
\n

\u201cHousing is going to ease up. I think 2023 will be a turnaround year<\/strong>.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

Lawrence Yun, Chief Economist, <\/strong>National Association of Realtors<\/em><\/strong><\/a> (NAR):<\/strong><\/h5>\n\n\n\n
\n

\u201cMortgage rates have fallen in the recent past weeks, so I\u2019m very hopeful that the worst in home sales is probably coming to an end<\/strong>.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

Robert Dietz, Chief Economist and Senior Vice President, <\/strong>National Association of Home Builders<\/em><\/strong><\/a> (NAHB):<\/strong><\/h5>\n\n\n\n
\n

\u201c. . . it appears a turning point for housing lies ahead<\/strong>. In the coming quarters, single-family home building will rise off of cycle lows as mortgage rates are expected to trend lower and boost housing affordability.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

Bottom Line<\/strong><\/h3>\n\n\n\n

If you\u2019re thinking about making a move this year, a turnaround in the housing market could be exactly what you\u2019ve been waiting for. Let\u2019s connect to talk about the latest trends in our area.<\/p>\n","protected":false},"excerpt":{"rendered":"

The housing market has gone through a lot of change recently, and much of that was a result of how quickly\u00a0mortgage rates\u00a0rose last year. Now, as we move through 2023, there are signs things are finally going to turn around. Home\u00a0price appreciation\u00a0is slowing from the recent frenzy, mortgage rates are\u00a0coming down, inflation is easing, and […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-18639","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/DallasProbateSupport.com\/index.php?rest_route=\/wp\/v2\/posts\/18639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/DallasProbateSupport.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/DallasProbateSupport.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/DallasProbateSupport.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/DallasProbateSupport.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18639"}],"version-history":[{"count":0,"href":"https:\/\/DallasProbateSupport.com\/index.php?rest_route=\/wp\/v2\/posts\/18639\/revisions"}],"wp:attachment":[{"href":"https:\/\/DallasProbateSupport.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/DallasProbateSupport.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/DallasProbateSupport.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}