Experts generally agree that the 2023 housing market will be strong and that prices will continue to rise. The reasons for this optimism are based on the expected economic growth over the next few years and low interest rates. They also believe that the current shortage of housing in many areas will continue to drive up prices. Additionally, many experts believe that the demand for housing will remain high due to the increasing population and increasing urbanization. As a result, they are forecasting that the 2023 housing market will be positive overall.
If you’re looking to buy or sell a home this year, the best way to ensure you’re up to date on the latest market insights is to partner with a trusted real estate advisor. Let’s connect.