Some Highlights
Last year, some housing experts projected a decline in home prices by the end of 2023. But that didn’t happen – inventory was just too low.
While it’s normal for experts to re-forecast throughout the year, the good news for 2023 is that prices are no longer projected to decrease.
Let’s connect so you know what’s happening with home values in our local area.
Sources
https://www.mba.org/docs/default-source/research-and-forecasts/forecasts/mortgage-finance-forecast-dec-2022.pdf
https://www.mba.org/docs/default-source/research-and-forecasts/forecasts/2023/mortgage-finance-forecast-aug-2023.pdf
https://www.fanniemae.com/media/45801/display
https://www.fanniemae.com/media/48726/display
https://twitter.com/NewsLambert/status/1671900591113609216 (Morgan Stanley)
https://twitter.com/NewsLambert/status/1671556169712672768 (AEI)
https://www.zillow.com/research/data/
https://www.zillow.com/research/housing-market-challenges-32923/
https://ustoday.news/a-20-drop-in-house-prices-7-forecast-models-tend-to-crash-here-the-other-13-models-show-the-housing-market-in-2023/ (Wells Fargo)
https://twitter.com/NewsLambert/status/1686959362563092480 (Wells Fargo)
https://twitter.com/NewsLambert/status/1691799764466008217 (Goldman Sachs)
https://pulsenomics.com/surveys/#home-price-expectations
https://www.corelogic.com/intelligence/us-corelogic-sp-case-shiller-index-down-by-0-5-year-over-year-in-may-but-a-turning-point-may-be-ahead/
https://view.e.fanniemae.com/?qs=dd7a875aaf273bf9cc0d451ff7cd4bec791f29b000f7916b3935d94770ed1f009af1072ee8400b8d3d40310113be33e6106c9aea71d7b22fbb87ad26bbcfe90630f1ef8f04bd2f7b7576e1b494263bf85f1ae4e4ba224216