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!
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