2023 could be a year of paradoxes, with slow sales but rising prices
By Dave Gallagher
November 30, 2022
The coming year is shaping up to be a strange one for real estate, according to the 2023 forecast released today by Realtor.com.
The company’s economists are predicting interest rates will remain elevated and home sales will remain slow — yet home prices and rents will increase next year even as inventory rises.
In the face of slower sales and greater supply, how is it that home prices will rise nationally, albeit slightly, in 2023? The answer, according to Realtor.com Senior Economist George Ratiu, can be found by looking at other factors that influence the housing market. See More
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