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In this video, Rich Barnes, owner broker of Realty Experts, provides insight into the 2023 housing market forecast. Danielle Hale, chief economist at , predicts that it will be a challenging year for both buyers and sellers, but with a better balance between the two. Home prices are expected to keep climbing, but with longer days on the market. Buyers will benefit from increased housing inventory, up 22.8% from 2022. However, mortgage rates are predicted to remain higher, potentially affecting overall home affordability. Get the latest local market updates and insights by consulting with your trusted real estate professional. Don't miss this informative video, and click the subscribe button for more real estate content.
