Home sellers should brace for a tough year ahead, with a real estate group predicting that property sales could fall in 2023 as more buyers are sidelined by rising mortgage rates and house prices out of reach. The number of homes sold will likely plunge 14.1% to 4.53 million homes, the lowest number of real …
Home sales could plunge in 2023. These cities could experience the biggest declines. Read More »
Americans looking to buy a home next year can expect less competition, more home choices and the highest average mortgage rates in nearly two decades. Here’s what they can’t expect: a general drop in prices that would relieve buyers of overpriced homes. That’s the main takeaway from Realtor.com’s 2023 real estate forecast released Wednesday. The …
Home prices are expected to continue to rise next year: Here’s where Read More »
When a Fed economist says the U.S. housing market has entered a “difficult [housing] correction”, it would be wise to believe them. When it comes from the mouth of Fed Chairman Jerome Powell, it’s more of a warning. Powell is right: not only is real estate activity continuing to fall, but U.S. home prices are …
Adobe Stock/imagewell10 Although inflation has started to subside, it is still up between 6% and 8% compared to last year, and the overall economy has not yet returned to a healthier level. Over the most recent of Zonda Housing Market Updatechief economist Ali Wolf says Zonda’s expectation is for the economy to fall into a …
