Chuncey Foreman Denver Colorado Realtor & Real Estate

  • Facebook
  • Google+
  • Instagram
  • LinkedIn
  • Twitter
  • Home
  • Free Resources
    • Free Home Evaluation
    • Free Property Alerts
  • Search
    • Advanced Search
    • Map Search
  • Blog & Updates
  • About
    • About Chuncey
    • Mission and Vision Statement
    • Testimonials
  • FAQs
  • Contact

2023 Housing Market Turnaround

February 3, 2023 By Chuncey Foreman

Blog Image

The housing market has undergone a lot of change recently, and much of that resulted from how quickly mortgage rates rose last year.

Now, as we move through 2023, there are signs that things will finally turn around. Home price appreciation is slowing from the recent frenzy, mortgage rates are coming down, inflation is easing, and overall market activity is picking up. All of that’s excellent news for the housing market this year. Here’s what experts are saying.

Cristian deRitis, Deputy Chief Economist, Moody’s Analytics:

“The current state of the housing market is that it is certainly in transition.”

Susan Wachter, Professor of Real Estate and Finance, University of Pennsylvania’s Wharton School:

“Housing is going to ease up. I think 2023 will be a turnaround year.”

Lawrence Yun, Chief Economist, National Association of Realtors (NAR):

“Mortgage rates have fallen in the recent past weeks, so I’m very hopeful that the worst in home sales is probably coming to an end.”

Robert Dietz, Chief Economist and Senior Vice President, National Association of Home Builders (NAHB):

“. . . it appears a turning point for housing lies ahead. In the coming quarters, single-family home building will rise off of cycle lows as mortgage rates are expected to trend lower and boost housing affordability.”

Bottom Line

If you’re considering moving this year, a turnaround in the housing market could be precisely what you’ve been waiting for. So let’s connect to talk about the latest trends in our area.

Filed Under: Buyers, Housing Market Updates, Sellers

Recent Posts

  • Sellers’ Market: What Does It Mean?
  • Tips for Selling Your House This Spring
  • MAR 2023/APR 2023 NEWSLETTER
  • Best Time To List Your House Is Near
  • Why Buying a Home Is a Sound Decision
  • The Role of Access in Selling Your House
  • Market Trends Report | MAR. ’23📺
  • Home Prices Forecast for 2023 & Beyond
  • Steer Clear of the Renting Pitfall in 2023
  • Understanding Home Equity
* * , *
Equal Housing
Blue Fire Group    Real Estate Websites
© 2023 Copyright
LAC
Buying Buddy    Powered By Buying Buddy ®