Housing Market Forecast for the Rest of 2023 [INFOGRAPHIC]

Dated: August 8 2023

Views: 1292



Some Highlights

  • Want to know what experts say will happen in the rest of 2023? Home prices are already appreciating again in many areas. The average of the expert forecasts shows positive price growth.
  • Where mortgage rates go for the rest of the year will depend on inflation. Based on historical trends, rates are likely to ease as inflation continues to cool.
  • Even though low inventory continues to be a challenge, experts project 5 million homes will still sell this year. That pace should pick up if rates come down.
Blog author image

Cristi McGowan

Cristi McGowan | Waco Real Estate Broker Serving Waco, Woodway, China Spring, Lorena, Hewitt, Robinson, McGregor, Crawford, Valley Mills and surrounding Central Texas communities With more than ....

Latest Blog Posts

When is the Best Time to Sell a House in Waco Texas

When Is the Best Time to Sell a House in Waco, TX?When is the best time to sell a house in Waco, TX?In Waco, the strongest selling season is typically February through May, when buyer activity tends

Read More

First-Time Home Buyer in Waco, TX: Your 2026 Guide

First-Time Home Buyer in Waco, TX: Your 2026 GuideHere is a scenario worth sitting with: thousands of dollars in homebuyer assistance are available right now in Waco, and the people who need it most

Read More

New Listing in Waco: A Home That Makes Everyday Living Feel Easy - 10409 condor loop

Some homes make an impression because they are dramatic.Others stand out because they simply make sense.10409 Condor Loop in Waco is the second kind of home — warm, practical, comfortable, and

Read More

Things to Do in Waco: Your New Hometown Guide

What are the best things to do in Waco as a new resident?Waco offers far more than Magnolia Market. Residents have Cameron Park trails, Lake Waco recreation, museums, the Brazos Riverwalk, a growing

Read More