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2023 Mortgage & Housing Forecast

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Mortgage and Lending with Mortgages in AZ, CA, CO, DE, FL, GA, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI NMLS #138061 MMCD #1141
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As in year's past, we took a look at recent data, historical data, and expected news and economic metrics to come up with a forecast for 2023.

We discuss housing, rates, inflation, and recession to come up with some overall forecasts for the housing market.  It's good news for buyers, sellers, and the overall market in many instances, with some recessionary concerns posing challenges for the overall economy - BUT, things look good for housing in most markets due to continued inventory challenges and a high likelihood we'll see mortgage rates take a dip.

You can find the full forecast and see the slides with data by clicking here

 

Hope you find our 2023 mortgage forecast and housing outlook helpful, and if you'd like to see local data or forecasting for your area, don't hesitate to reach out!

Posted by

John Meussner
NMLS ID #138061

It's more than a house - it's home.  So we offer a wide range of mortgage products at competitive prices to help our clients achieve financial security at home.  While we get great feedback on our prices and products, many clients say their favorite part of working with John Meussner & MasonMac is the level of service provided along the way.

Purchase money loans, Refinance, Renovation, Jumbo, FHA, VA, USDA, nonQM, HELOCs, and more

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AZ, CA, CO, DE, FL, GA, MD, MT, NC, NJ, NV, OK, OR, PA, SC, TN, TX, UT,
and VA

JMLoans.com

 

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Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Thank you for sharing the information. Buyers and sellers in your area

will benefit from your expertise. Wishing you continued success.

Have a wonderful day and sell a house. bill

Jan 06, 2023 05:03 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

John Meussner I completely agree with the impact that inflation has on mortgage interest rate.  However, even thought there has been a slight improvement in inflation in recent days, I do not see it continuing to come down under the present administration.  In my opinion we will not see a significant decrease in inflation until the present administration stops it war on fossil fuels, mainly oil, and I do not see that happening.  This country has never before seen the fossil fuel industry attacked like this, so in my opinion past data does not apply.  However, things could change quickly once this attack on fossil fuels and dependency on foreign oil changes.

Jan 06, 2023 03:47 PM
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