{"id":18707,"date":"2023-02-04T16:05:23","date_gmt":"2023-02-04T22:05:23","guid":{"rendered":"https:\/\/dallasprobatesupport.com\/?p=18707"},"modified":"2023-02-04T16:05:25","modified_gmt":"2023-02-04T22:05:25","slug":"what-experts-are-saying-about-the-2023-housing-market","status":"publish","type":"post","link":"https:\/\/DallasProbateSupport.com\/?p=18707","title":{"rendered":"What Experts Are Saying About the 2023 Housing Market"},"content":{"rendered":"\n
\"What<\/figure>\n\n\n\n

If you\u2019re thinking about\u00a0buying or selling\u00a0a home soon, you probably want to know what you can expect from the\u00a0housing market\u00a0this year. In 2022, the market underwent a major shift as economic uncertainty and higher mortgage rates reduced buyer demand, slowed the pace of home sales, and moderated home prices. But what about\u00a02023?<\/p>\n\n\n\n

An article from\u00a0HousingWire<\/em>\u00a0offers\u00a0this perspective:<\/p>\n\n\n\n

\n

\u201cThe red-hot housing market of the past 2 \u00bd years was characterized by sub-three percent mortgage rates, fast-paced bidding wars and record-low inventory. But more recently, market conditions have done an about-face. . . . now is the opportunity for everyone to become re-educated about what a \u2018typical\u2019 housing market looks like.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

This year, experts agree we may see the return of greater stability and predictability in the housing market if inflation continues to ease and\u00a0mortgage rates\u00a0stabilize. Here\u2019s what they have to say.<\/p>\n\n\n\n

The 2023 forecast from the National Association of Realtors <\/em>(NAR) says<\/a>:<\/p>\n\n\n\n

\n

\u201cWhile 2022 may be remembered as a year of housing volatility, 2023 likely will become a year of long-lost normalcy returning to the market, .<\/em> . . <\/em>mortgage rates are expected to stabilize while home sales and prices moderate after recent highs, . . .\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

Danielle Hale, Chief Economist at realtor.com<\/em>, adds<\/a>:<\/p>\n\n\n\n

\n

\u201c. . . buyers will not face the extreme competition<\/strong> that was commonplace over the past few years.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

Lawrence Yun, Chief Economist at NAR, explains<\/a> home prices will vary by local area, but will net neutral nationwide as the market continues to adjust:<\/p>\n\n\n\n

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\u201cAfter a big boom over the past two years, there will essentially be no change nationally <\/strong><\/em>. . <\/strong>.<\/em><\/strong> Half of the country may experience small price gains, while the other half may see slight price declines.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

Mark Fleming, Chief Economist at First American, <\/em>says<\/a>:<\/p>\n\n\n\n

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\u201cThe housing market, once adjusted to the new normal of higher mortgage rates, will benefit from continued strong demographic-driven demand relative to an overall, long-run shortage of supply<\/strong>.\u201d <\/em><\/p>\n<\/blockquote>\n\n\n\n

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

If you\u2019re looking to buy or sell a home this year, the best way to ensure you\u2019re up to date on the latest market insights is to partner with a trusted real estate advisor. Let\u2019s connect.<\/p>\n","protected":false},"excerpt":{"rendered":"

If you\u2019re thinking about\u00a0buying or selling\u00a0a home soon, you probably want to know what you can expect from the\u00a0housing market\u00a0this year. In 2022, the market underwent a major shift as economic uncertainty and higher mortgage rates reduced buyer demand, slowed the pace of home sales, and moderated home prices. But what about\u00a02023? An article from\u00a0HousingWire\u00a0offers\u00a0this […]<\/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-18707","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/DallasProbateSupport.com\/index.php?rest_route=\/wp\/v2\/posts\/18707","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=18707"}],"version-history":[{"count":0,"href":"https:\/\/DallasProbateSupport.com\/index.php?rest_route=\/wp\/v2\/posts\/18707\/revisions"}],"wp:attachment":[{"href":"https:\/\/DallasProbateSupport.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/DallasProbateSupport.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/DallasProbateSupport.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}